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Excellent opportunity to own a fully renovated approximately 18,000-square-foot commercial property in the heart of Washington, Warren County, New Jersey. The property currently features an established storefront tenant generating $6,500 per month in rental income, while annual property expenses are approximately $20,000, including $14,000 in real estate taxes and $6,000 in property insurance.The building underwent extensive renovations approximately two years ago, providing a strong foundation for both current income and future investment potential. Improvements include a new HVAC system, new roof, new ceilings, updated flooring, plumbing improvements, and extensive interior renovations, allowing a new owner to benefit from a substantially improved property without the need for major immediate capital improvements.Beyond the existing commercial income, the property presents an attractive long-term redevelopment opportunity. The township may allow residential apartments to be developed above the existing commercial space, creating the potential for a mixed-use property combining retail and residential income. This flexibility provides an investor or owner-user with the opportunity to explore additional income-producing space and potentially increase the property's overall value through future redevelopment.

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Market Activity 07882

MLS Number: 4053511

Listing Provided By: JOHN BURKE – (609) 921-1900

WEICHERT REALTORS – (609) 921-1900