2 Walnut Ln, Hope Twp., NJ

$399,000

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4,352

Square feet

0.37

Acres

About 2 Walnut Ln

Introducing the Hope Long House, a remarkable investment in the heart of the historic Village of Hope! This fully rented 4-unit commercial building boasts a substantial gross annual income of $58,608. Steeped in history, the Long House has roots dating back to the 1770s when it was originally inhabited by the Moravians. Throughout the years, it has served various purposes, from a confectionary shop to a tinsmith, stove store, post office, residential units, antique stores, and a furniture store. Today, it proudly hosts a retail operation, a health/wellness center, and two commercial offices. Recent renovations, backed by grants totaling over $500,000, have revitalized the building. Upgrades include newer roofing, siding, and interiors, ensuring a modern and appealing space. The property is equipped with a modern septic system and features convenient off-street parking. Strategically located just minutes from Route 80 at Exit 12 and a mere hour from NYC, this investment opportunity offers both historical charm and practical convenience. With potential for a solid 9% ROI, you can capitalize on this chance to own a piece of history. The Long House is not just a lucrative property; it's a significant part of the community in a charming town that hosts events throughout the year. This sale includes the building and property, excluding the businesses currently operating within. Don't miss out on the chance to be the proud owner of the Long House, where history meets profitability!

Features of 2 Walnut Ln

MLS® # 3881460
Price $399,000
Square Footage 4,352
Acres 0.37
Year Built 1775
Type Commercial
Status Active

Community Information

Address 2 Walnut Ln
City Hope Twp.
County Warren
State NJ
Zip Code 07844

Amenities

Utilities Electric, Gas-Propane
Parking Spaces 4
Parking 2 Car Width, Off-Street Parking, On-Street Parking, Parking Lot-Exclusive

Interior

Heating Electric, Gas-Propane Owned
# of Stories 2
Has Basement Yes
Basement Partial, Storage

Exterior

Exterior Wood
Lot Description Corner, Open Lot
Roof Slate, Wood Shingle

Additional Information

Date Listed January 14th, 2024
Days on Market 109
Zoning HMH

Listing Details

OfficeRE/MAX TOWN & VALLEY II
Office Contact908-343-5328

Listing Map

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