Introducing a Prime Investment Opportunity in a Highly Desirable Location! This captivating brick building offers exceptional versatility, serving both immediate commercial use and lucrative developmental prospects within the ARC-4 zoning district, as part of the Sussex Ave Redevelopment Plan. IMMEDIATE COMMERCIAL USE: The existing structure features sizable garages and multiple… Read More rooms, ideal for warehousing or office space, offering immediate rental income potential as you plan for future development. DEVELOPMENT POTENTIAL: With unapproved plans to convert the building into 14 residential units as of right, this property presents a significant opportunity to capitalize on the zoning benefits and strategic location. EXPANSION OPPORTUNITY: Consider expanding your investment by purchasing the adjacent city-owned property, where plans allow for the addition of 17 more residential units, further enhancing profitability. Positioned in a sought-after area with easy access to essential amenities, public transportation, and community facilities, making it attractive for both commercial tenants and future residents. Seize this unique opportunity to invest in a property offering both immediate commercial returns and substantial long-term development potential. Schedule a showing today to explore the endless possibilities this remarkable building holds for your portfolio! Read Less
Courtesy of KELLER WILLIAMS VALLEY REALTY.
Listing Snapshot
Days Online
59
Last Updated
Property Type
Other
Beds
2
Square Ft.
9,999
Lot Size
0.14 Acres
Year Built
1930
MLS Number
3976630
30 Days Snapshot Of 07018
$566k
+29%
(avg) sold price
4
-20%
homes sold
96
+23%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
No
Building
Built in 1930
Cooling
See Remarks
Exterior Features
Brick
Garage
2 garage spaces, Garage Parking
Water Features
Public Water
Heating
Gas-Natural, See Remarks
Lot
Approximate Lot Size: 62X100, 0.14 acres
Parking
2 parking spaces, 2 Car Width
Property
9,999 sqft building, 1 unit, FHA Age Restricted: No
Roof
Rubberized
Sewer
Public Sewer
Taxes
Annual Tax Amount: $15,849, Tax Rate: 3.141
Unit One
1 bathroom, 9,999 sqft, Handicap Accessibility: No, See Remarks
Utilities
All Underground
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
All information contained herein deemed reliable but not guaranteed. Buyers should personally verify all information. GSMLS Data provided via Home Junction, Inc.
Confirm your time
Fill in your details and we will contact you to confirm a time.
