490 US Highway 46 - Apartments FOR SALE


Kenvil, NJ 07847
$650,000 USD
973-519-4093
490 US Highway 46, Kenvil, NJ for Sale
$650,000 USD
Apartments - FOR SALE
1/37
null | Request Cap Rate

490 US Highway 46
Kenvil, NJ 07847


HIGHLIGHTS

  • Large parking lot - room for 13 cars
  • Frontage on major highway
  • Potential for ncome producing rental apartment above + studio apt for living on premises or additional rental space

OVERVIEW

Commercial space available for the first time in over 50 years! Most recently used as a Kitchen Showroom; half bath in retail space. Many options with B-2 zoning. 2 bedroom apartment with kitchen and full bath+ 2 add'l rooms & walk up attic, as well as a studio/efficiency with a full bath and kitchenette on main level - could be repurposed as break room, additional office space or used for rental income (working with town to get proper documentation). Basement storage. Great, high visibility corner, flat property. All city utilities - public water and sewer and natural gas hot water baseboard heat. Well maintained with fresh paint and new carpeting on second level. Large, flat paved parking lot with room for 13 cars.

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$311 USD /SF

# OF UNITS

3

PRICE/UNIT

$216,667

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Office, Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

11,021 SF

ZONING

B-2

APN/PARCEL ID

36-02612-0000-00023

ASK ABOUT THIS PROPERTY

Kristen De LeoRealty Executives Exceptional RealtorsMore Info
973-519-4093

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Kristen De LeoRealty Executives Exceptional RealtorsMore Info
973-519-4093

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