This property was previously used as a construction and overhead garage company for many years. The lot behind the main building is approximately 70' x 140'. In addition, there is a second building on the property facing 111 Terrill Road, currently leased to Rita's Ice and Subway, providing steady rental… Read More income. The Front Street building offers approximately 1,200 sq. ft. of office space, along with a 600 sq. ft. garage ideal for running your own business while benefiting from two existing income-producing tenants to help offset the mortgage. The property is zoned B-2, and the owner may assist in pursuing a variance for alternative uses if desired. Located in an X Flood Zone, no flood insurance is required. The vacant lot behind the building offers potential rental income if leased to a business needing space to store trucks, cars, buses, or limousines. This use would require a variance from the town. If approved, the lot could generate an estimated $5,000 per month in additional income. The owner may be willing to contribute toward the cost of obtaining such a variance, depending on the variance. Potential cap rate of 10% Read Less
Courtesy of ERA SUBURB REALTY.
Listing Snapshot
Days Online
0
Last Updated
Property Type
Other
Square Ft.
3,800
MLS Number
3989241
30 Days Snapshot Of 07076
$917k
-11%
(avg) sold price
13
-38%
homes sold
70
-13%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
No
Cooling
3 Units
Garage
Attached Garage
Water Features
Public Water
Heating
Gas-Natural, 4+ Units
Parking
Gravel
Sewer
Public Sewer
Utilities
Electric, Gas-Natural
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