405 Thomas St

Description

An exciting opportunity for investors and owner-occupants alike, this 8167-square-foot commercial strip center in Phillipsburg, New Jersey, offers substantial value-add potential in an established residential and commercial area. With a mix of existing businesses and a large vacant space ready for its next use, this property presents an opportunity to enhance the tenant mix, attract new businesses, and unlock additional value.Strategically situated near Interstate 78, the property benefits from convenient highway access and proximity to surrounding industrial businesses that contribute to the area's economic activity. Phillipsburg has experienced positive growth in recent years, creating an appealing backdrop for businesses looking to establish or expand their presence in the community.Located within a busy residential neighborhood, the center benefits from its proximity to the Phillipsburg Board of Education and other important local buildings and amenities that can help generate activity in the surrounding area.The property currently features a diverse mix of tenants, including a laundromat, pizza restaurant, and convenience store, providing an established commercial presence. A substantial vacant space offers significant flexibility for an incoming owner to introduce new tenants, accommodate an owner-operated business, or reposition the center to maximize its potential.

Property details

Type

Mixed Use

Lot size

0.3 acres

Lot dimensions

.304 ACRE

Building size

8,167 sqft

Year built

1948

Available area

8,167 sqft

Office area

8,167 sqft

Price per sqft

$82

Units

4

Offered

For Sale

Zoning

R-50

Possession

At Closing

MLS #

4058503