NJ
Union
Roselle Park Boro
07204
600 Chestnut St
600 Chestnut St, Roselle Park Boro, NJ 07204
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Listing Type
Commercial/Industrial
Listing Status
Active
41
$1,399,000

Home Details for 600 Chestnut St

Price
$1,399,000
Type
Commercial Sale
Year built
1920
Lot size acres
0.11
County
Union
Basement
Full, Unfinished, Walk-Out Access
MLS Listing#
4036363
Property Description

Presenting very unique opportunity with this mixed-use development at 600 Chestnut Street in the heart of Roselle Park, New Jersey situated directly across from the NJ Transit Roselle Park Station on the (Raritan Valley Line, 2 stops to Newark Penn),This is not merely convenient it is a fundamental value driver for both the residential and commercial components of this property.. This 5-unit portfolio combines residential income with significant commercial build-out upside, making it one of the most strategically positioned investment properties currently available in Union County.This property offers a developer, investor, or owner-occupant the unique ability to create their own vision for the 5 units customizing layouts, finishes, and residential and commercial tenant mix to maximize long-term returns.At full stabilization, this property has the potential to generate $200,000 " $240,000 in gross annual income a compelling return profile for an asset located steps from one of New Jersey Train Stations

Property Features
  • Basement
    • Full
    • Unfinished
    • Walk-Out Access
  • Heating Information
    • Natural Gas
  • Water Features
    • Public
  • Utilities
    • Underground Utilities
Listing Courtesy: BHGRE ELITE - 908-316-8530
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EXIT REALTY LUCKY ASSOCIATES (ELIZABETH)
640 Newark Ave., Elizabeth, NJ 07208
Office
908 289 7746
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