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Listed by Paul Washington Coldwell Banker, Upper Montclair
$ 1,099,000
Est. payment | /mo
$ 1,099,000
Est. payment | /mo
Key Details
Property Type Multi-Family, Commercial
Sub Type Res/Com Mixed
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25028437
Style Res/Com Mixed
Property Sub-Type Res/Com Mixed
Property Description
3-story mixed-use income property asset centrally located in the high barrier-to-entry Borough of Hawthorne, NJ features a balanced unit mix of one 2-Bed/1-Bath apartment & bonus full attic space both anchored by one storefront w/ 16ft street frontage retrofitted for convenience store use. Street-level retail offers an open floor concept entailing shelved display space, elevated countertop, 7-8 ft ceiling height, sizable casement windows, one restroom facility and private rear storage room. Active licensing for NJ Lottery can be transferable to new ownership. Video surveillance system, hardwired smoke/carbon & central fire station box serve as primary security/fire safety features. Full basement & on-site parking. Large apt includes. EIK, sep. LR/DR areas, one full bath & access to enclosed heated back porch. Utilities separately metered. 3rd floor unfinished attic w/ vaulted ceilings, storm windows and open floor concept represents bonus square footage ideal for a proposed bi-level unit with 2nd FL unit subject to municipal approval. Property zoned R-2. Priced to sell strictly in "as-is" condition shifting responsibility for obtaining all municipal permits/certificates required for closing purposes to the prospective buyer. Value-add investment opportunity ideal for private investors seeking either stakeholder position as owner/user or adaptive re-use play to force appreciation at market rental rate cash-flow upon renovation completion & full lease-up stabilization.
Location
State NJ
County Passaic
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