1 / 50IDX ListingWantage, NJ · Active
1050 State Rt 23
$729,999
5,000 sqft
Description
ATTENTION INVESTORS! Presenting a fabulous, renovated mixed-use property offering exceptional income potential and a 9% CAP RATE! This versatile building features three rental units, including two updated apartments, dedicated office space, and a spacious event/banquet hall. The property's flexible configuration offers potential for restaurant or catering use, while the adjacent space presents an excellent opportunity for a liquor store conveniently located beside the banquet hall. A Class 33 liquor license is available for purchase separately for an additional $200,000. Ideal for investors, owner-operators, or business owners seeking multiple revenue streams, this well-maintained property offers strong rental appeal and exciting opportunities for growth and expansion. Septic will be replaced prior to closing. Don't miss this unique investment opportunity!
Property details
- Type
- Mixed Use
- Lot size
- 3.24 acres
- Lot dimensions
- 3.24 AC
- Building size
- 5,000 sqft
- Year built
- 2021
- Garage
- 50 car
- Available area
- 3,000 sqft
- Office area
- 1,500 sqft
- Units
- 4
- Offered
- For Sale
- Lease type
- Other
- Zoning
- Commercial
- Possession
- POT
- MLS #
- 4052387
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