Courtesy: Berkshire Hathaway Fox & Roach
973-992-6363
Amazing opportunity and location for your next business or investment property! This former BBQ restaurant is the perfect location for a national tenant, drive thru restaurant or a retail store. The high visibility site is located on Route 22 directly across the street from old Phillipsburg Mall which was purchased 2-years ago to develop into a massive residential apartment complex and commercial corridor. Minutes from Route 78 and downtown Phillipsburg! The sale includes building and lot! Large, paved parking area accommodates 30 cars!
Courtesy: Diane Turton, Realtors-Rumson
732-530-6686
Michael Milano
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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Greenwich is located in New Jersey. Greenwich, New Jersey has a population of 8,369. Greenwich is more family-centric than the surrounding county with 27.9% of the households containing married families with children. The county average for households married with children is 26.61%.
The median household income in Greenwich, New Jersey is $88,631. The median household income for the surrounding county is $50,000 compared to the national median of $57,652. The median age of people living in Greenwich is 40.9 years.
The average high temperature in July is 85.5 degrees, with an average low temperature in January of 22.2 degrees. The average rainfall is approximately 47.5 inches per year, with 17.75 inches of snow per year.
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