271 Old Croton Rd - Restaurant FOR SALE


Flemington, NJ 08822
$899,900 USD
215-355-5565
271 Old Croton Rd, Flemington, NJ for Sale
$899,900 USD
Restaurant - FOR SALE
1/16
null | Request Cap Rate

271 Old Croton Rd
Flemington, NJ 08822


OVERVIEW

Unique Mixed-Use Investment Opportunity situated on approximately 3.3 acres featuring five separate structures with strong income and value-add potential. This diverse property offers a rare combination of residential, commercial, storage, and garage space ideal for an investor, contractor, or entrepreneur seeking multiple streams of income. --The property includes a Twin Duplex with one 2-bedroom unit and one 3-bedroom unit, both with front and rear entrances and occupied by long-term tenants. --An additional former General Store building offers nostalgic character with a main level retail/display area and second-floor storage space, presenting future redevelopment or business possibilities. --Also located on the site is a freestanding restaurant building currently operating as a Mexican restaurant featuring a full commercial kitchen, take-out area, and indoor dining space. --Additional improvements include a detached 3-car garage and a separate Ranch-style residence offering 4 bedrooms, 1 full bathrooms, vaulted ceilings, attached 2-car garage with workspace/storage, and an outdoor entertainment area complete with a U-shaped bar and grill space. The property is in need of repairs and updating throughout. However, the combination of residential rentals, commercial usage, garage/storage space, and future upside creates an excellent opportunity for the right buyer to renovate, increase income potential, and build long-term equity. Rare opportunity with flexibility and substantial potential for redevelopment or continued mixed-use operation.

FOR SALE DETAILS

PRICE

$899,900 USD

PRICE/SF

$214 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1836

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

R-1

APN/PARCEL ID

21-00041-0000-00001

ASK ABOUT THIS PROPERTY

Jerry HillHomestarr RealtyMore Info
215-355-5565

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Jerry HillHomestarr RealtyMore Info
215-355-5565

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.