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$1,650,000 - 354 S Main St, Wharton Boro

-
Bedrooms
-
Baths
25,199
SQ. Feet
0.57
Acres

Discover an unparalleled investment opportunity in the heart of the real estate market! This expansive property, covering over half an acre with 2 separate buildings, stands as one of the largest lots in town. Located in a B-1 Zoning District (Neighborhood Business District), it offers remarkable flexibility and potential. Both buildings have undergone complete renovation and rehabilitation, including new roofs, kitchens, bathrooms, utilities, and more. This ensures a low-maintenance, high-yield investment for years to come. Currently configured with 4 renovated apartments and an office space with full kitchens and bathrooms, the property boasts an impressive income potential exceeding $138,000 annually! We have created comprehensive floor plans and future plans to add 3 additional units to the front building, which has partial approvals. This will allow you to thoroughly explore every aspect of this unique offering. With the potential to expand to 8 units, the gross income could reach an astounding $220,000. This exceptional opportunity, with its strategic location and extensive renovations, ensures a sustainable and profitable investment for discerning investors. Don?t miss out on the chance to secure a prime piece of real estate that promises significant returns and long-term growth. Let?s collaborate to analyze the numbers, align with your goals, and make this exceptional investment opportunity yours today!

Essential Information

  • MLS® #:
    3911346
  • Price:
    $1,650,000
  • Square Footage:
    25,199
  • Acres:
    0.57
  • Year Built:
    1900
  • Type:
    Commercial
  • Status:
    Active

Community Information

  • Address:
    354 S Main St
  • City:
    Wharton Boro
  • County:
    Morris
  • State:
    NJ
  • Zip Code:
    07885-2048

Amenities

  • Utilities:
    Electric, Gas-Natural
  • Parking Spaces:
    14
  • Parking:
    Off-Street Parking, Parking Lot-Exclusive, Concrete, Lighting

Interior

  • Heating:
    Gas-Natural
  • # of Stories:
    3

Exterior

  • Exterior:
    Vinyl Siding
  • Lot Description:
    Level Lot, Possible Subdivision
  • Roof:
    Asphalt Shingle

Additional Information

  • Date Listed:
    July 3rd, 2024
  • Days on Market:
    106
  • Zoning:
    Mixed

Listing Details

  • Listing Office:
    Keller Williams Village Square

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Listing information last updated on October 17th, 2024 at 11:48pm EDT.