2 Story Mixed Use Building

Retail-Commercial for Sale
Catylist Listing ID: 30230403
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Street Retail, Other
Building Size (RSF): 3,084 SF
Gross Building Area: See Agent
Sale Price: $350,000
Unit Price: $113.49 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/10/2018

Overview / Comments

The structure contains 2 units: the 1st Floor was previously occupied as a tavern and contains approx. 1,660 sq. ft. with a main open bar area and bar and a rear kitchen, coolers and storage area. There is a partial basement under the bar used for mechanical, utilities and light storage. The 2d floor walk-up (approx 1,424 sq ft) is a five room apartment (living room, dining room, kitchen, two bedrooms and 1 full ceramic tiled bathroom. The 2d floor apartment is rented in addition, there is an unfinished attic used for starage. Property is located on heavily traveled State Route 28 (South Ave) providing an east/west transportation route through Union County.

Also listed SEPARATELY for sale are 2 residential building lots (604-608 Willow Ave) directly to the rear of 607 South Ave/ Call listing agent for additional information.

Additional Details

Nearest MSA: New York-Newark-Jersey City
County: Union
Taxing Authority: Garwood
Retail Clientele: General, Business
Property Located Between: Near Maple Street
Property Visibility: Excellent
Largest Nearby Street: Maple Street
Highway Access: Situated on heavily traveled Route 28; good access to Garden State Parking & major highways
Airports: Newark Liberty International approx 11 mi (per Google maps)
Site Description: The site contains 40' of frontage on the south side of South Avenue with 1 curb cut providing vehicle ingress/egress and 100' lot depth.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Fair
Year Built: 1935
Total Parking Spaces: 5
Parking Type: Other
Parking Description: 2 car Detached Garage
Heat Type: Natural Gas
Heat Source: Other
Zoning Description: See remarks/call Agent
Lot Frontage: 40'
Lot Depth: 100'
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Owned
Legal Description: Block 302 Lot 9

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 21,850 141,455 462,889
Median Age: 41.31 42.01 40.11
Households: 8,192 52,707 164,874


Photograph of Listing Agent

Melanie Selk

RE/MAX Properties Unlimited
Not a member of TSCPIX
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