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$ 899,000
Est. payment | /mo
3 Beds
2.5 Baths
3,873 SqFt
$ 899,000
Est. payment | /mo
3 Beds
2.5 Baths
3,873 SqFt
Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 3,873 sqft
Price per Sqft $232
MLS Listing ID 4026035
Style 2-Two Story
Bedrooms 3
Full Baths 2
Half Baths 1
Year Built 1948
Annual Tax Amount $12,046
Tax Year 2025
Lot Size 0.690 Acres
Property Description
Exceptional opportunity to acquire a highly visible mixed-use property ideally positioned along the heavily traveled Route 206 commercial corridor in Stanhope, NJ. This unique asset offers a compelling blend of stable residential income and flexible commercial/light industrial space well suited for investors, owner-users, or live-work operators. The property features an approximately 3,873 SF building situated on 0.68 acres, boasting an impressive Highway frontage on U.S. Route 206 and parking for up to 15 vehicles, delivering outstanding visibility and consistent daily traffic exposure. The building is comprised of: A 1,248 SF three-bedroom residential apartment, A 2,665 SF commercial/light industrial space, currently utilized for small engine repair, suitable for a wide range of uses. Strategically located just off Interstate 80, the property benefits from excellent accessibility and serves as a prominent first-stop location along the Route 206 corridor. Its positioning offers convenient proximity to key destinations throughout both Sussex County and neighboring Morris County. This mixed-use investment presents strong income-generating potential with flexibility for a user-operator or investor, aligning with both short-term and long-term investment strategies. Please note: The current business is not for sale and will be relocating within Sussex County; however, the owner may consider a leaseback arrangement.
Location
State NJ
County Sussex
Zoning PIC
Rooms
Basement Unfinished
Interior
Heating Oil Tank Above Ground - Inside
Cooling 1 Unit
Heat Source Oil Tank Above Ground - Inside
Exterior
Exterior Feature See Remarks
Parking Features See Remarks
Garage Spaces 2.0
Utilities Available Electric
Roof Type Asphalt Shingle, See Remarks
Building
Lot Description Irregular Lot
Sewer Public Sewer
Water Public Water
Architectural Style 2-Two Story
Others
Senior Community No
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