Fox & Foxx Realty, LLC
Veronica Hary, Fox & Foxx Realty, LLCPhone: (732) 642-9093
Email: [email protected]
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listing
1 of 48
CommercialFor Sale
$1,199,895
825 Rt 57 285
Greenwich twp., NJ 08886
Courtesy of Diane Turton Realtors
MLS: Garden State MLS
4,403Sq Ft
Est. Mortgage
$6,294/mo

This very unique Mixed-Use property was acquired by its current Owner's over a period of 8 years and who purchased these as three separate parcels that create the sum of the whole, that is now being offered for sale as a complete package. Located on highly visible Route 57 is where you will find the first of these three parcels that consists of a Building with Retail space on the first floor, 3 Bedroom Apartment above and a parking lot that also services the 5 Unit Motel. The second and third parcels share an access Easement along the left side that leads to the two Single Family Homes with the one located to the rear left featuring 2 Bedrooms, full Bath and a basement, while the one to the rear right features 4 Bedrooms, full Bath and 2 car Garage. Seller's represent receiving Gross. Income of $99,600.00, Annual Expenses of $37,728.00, resulting in Net Operating Income of $61,872.00 and a Capitalization Rate of 5.1% at the current asking price.

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