About 354 S Main St
Discover an unparalleled investment opportunity in the heart of the real estate market! This expansive property, covering over half an acre with 2 separate buildings, stands as one of the largest lots in town. Located in a B-1 Zoning District (Neighborhood Business District), it offers remarkable flexibility and potential. Both buildings have undergone complete renovation and rehabilitation, including new roofs, kitchens, bathrooms, utilities, and more. This ensures a low-maintenance, high-yield investment for years to come. Currently configured with 4 renovated apartments and an office space with full kitchens and bathrooms, the property boasts an impressive income potential exceeding $138,000 annually! We have created comprehensive floor plans and future plans to add 3 additional units to the front building, which has partial approvals. This will allow you to thoroughly explore every aspect of this unique offering. With the potential to expand to 8 units, the gross income could reach an astounding $220,000. This exceptional opportunity, with its strategic location and extensive renovations, ensures a sustainable and profitable investment for discerning investors. Don?t miss out on the chance to secure a prime piece of real estate that promises significant returns and long-term growth. Let?s collaborate to analyze the numbers, align with your goals, and make this exceptional investment opportunity yours today!
Features of 354 S Main St
MLS® # | 3911346 |
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Price | $1,650,000 |
Square Footage | 25,199 |
Acres | 0.57 |
Year Built | 1900 |
Type | Commercial |
Status | Active |
Community Information
Address | 354 S Main St |
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City | Wharton Boro |
County | Morris |
State | NJ |
Zip Code | 07885-2048 |
Amenities
Utilities | Gas-Natural, Electric |
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Parking Spaces | 14 |
Parking | Concrete, Lighting, Off-Street Parking, Parking Lot-Exclusive |
Interior
Heating | Gas-Natural |
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# of Stories | 3 |
Has Basement | Yes |
Basement | Full, Storage, Unfinished |
Exterior
Exterior | Vinyl Siding |
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Lot Description | Level Lot, Possible Subdivision |
Roof | Asphalt Shingle |
Additional Information
Date Listed | July 3rd, 2024 |
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Days on Market | 315 |
Zoning | Mixed |
Listing Details
Office | KELLER WILLIAMS VILLAGE SQUARE |
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Contact Info | 973-261-3995 |