354 S Main St, Wharton Boro, NJ

$1,650,000

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25,199

Square feet

0.57

Acres

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
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
City Wharton Boro
County Morris
State NJ
Zip Code 07885-2048

Amenities

Utilities Gas-Natural, Electric
Parking Spaces 14
Parking Concrete, Lighting, Off-Street Parking, Parking Lot-Exclusive

Interior

Heating Gas-Natural
# of Stories 3
Has Basement Yes
Basement Full, Storage, Unfinished

Exterior

Exterior Vinyl Siding
Lot Description Level Lot, Possible Subdivision
Roof Asphalt Shingle

Additional Information

Date Listed July 3rd, 2024
Days on Market 315
Zoning Mixed

Listing Details

OfficeKELLER WILLIAMS VILLAGE SQUARE
Contact Info973-261-3995

Listing Map

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