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: $315,000
Unit Price: $102.14 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/6/2018

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 well-traveled State Route 28 (South Ave) providing an east/west transportation route through Union County.

Seller will remove abandoned USTprior to closing. Basement has seepage. 2 car detached garage encroaching 4' on rear lot to be removed.

Additional Details

Nearest MSA: New York-Newark-Jersey City
County: Union
Taxing Authority: Garwood
Zoning: BUSINESS/COMMERCIAL
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 encroaching 4' on adjacent rear lot; to be removed. Driveway is exclusive to property.
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

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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

Contact

Photograph of Listing Agent

Melanie Selk

RE/MAX Properties Unlimited
Not a member of TSCPIX
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