NJ
Warren
Washington Twp.
07882
33-35 E Washington Ave
33-35 E Washington Ave, Washington Twp., NJ 07882
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Listing Type
Commercial/Industrial
Listing Status
Active
0
$1,250,000

Home Details for 33-35 E Washington Ave

Price
$1,250,000
Type
Commercial Sale
Year built
1900
County
Warren
Basement
Full, Partially Finished
MLS Listing#
4053511
Property Description

Excellent opportunity to own a fully renovated approximately 18,000-square-foot commercial property in the heart of Washington, Warren County, New Jersey. The property currently features an established storefront tenant generating $6,500 per month in rental income, while annual property expenses are approximately $20,000, including $14,000 in real estate taxes and $6,000 in property insurance.The building underwent extensive renovations approximately two years ago, providing a strong foundation for both current income and future investment potential. Improvements include a new HVAC system, new roof, new ceilings, updated flooring, plumbing improvements, and extensive interior renovations, allowing a new owner to benefit from a substantially improved property without the need for major immediate capital improvements.Beyond the existing commercial income, the property presents an attractive long-term redevelopment opportunity. The township may allow residential apartments to be developed above the existing commercial space, creating the potential for a mixed-use property combining retail and residential income. This flexibility provides an investor or owner-user with the opportunity to explore additional income-producing space and potentially increase the property's overall value through future redevelopment.

Property Features
  • Heating Information
    • Electric
    • Natural Gas
  • Basement
    • Full
    • Partially Finished
  • Water Features
    • Public
Listing Courtesy: WEICHERT REALTORS - 609-921-1900
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EXIT REALTY CONNECTIONS
149 Main St., Hackettstown, NJ 07840
Office
908 842 0010
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