NJ > Franklin Twp.
Franklin Twp., NJ 08867,371 Pittstown Rd
Franklin Twp., NJ 08867,371 Pittstown Rd
Franklin Twp., NJ 08867,371 Pittstown Rd
Franklin Twp., NJ 08867,371 Pittstown Rd
Franklin Twp., NJ 08867,371 Pittstown Rd
Franklin Twp., NJ 08867,371 Pittstown Rd
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Angelo Negron

Angelo Negron

+1(908) 838-3303
$ 899,000
Est. payment | /mo

7,238 SqFt

Save
$ 899,000
Est. payment | /mo
Save

7,238 SqFt

Key Details

Property Type Single Family Home

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 7,238 sqft

Price per Sqft $124

MLS Listing ID 3972269

Year Built 1887

Annual Tax Amount $17,473

Tax Year 2024

Lot Size 0.770 Acres

Property Sub-Type Mixed Use

Property Description

Outstanding Investment Opportunity in Hunterdon County! This 7,238 SF mixed-use brick building, circa 1887, offers steady income, upside, and historic character. Situated on 0.77 acres with ample parking, it includes two commercial units on the first floor and two residential apartments above. Zoned NB (Neighborhood Business), the location has excellent visibility near Routes 78, 22, 287, and 31 ideal for commuters and businesses.Fully rented except one updated unit. A well-established Italian restaurant occupies one commercial space with a 5-year lease and scheduled increases: Year 2 (current): $3,165/mo ($38,028/year). The second commercial unit, approx. 1,440 SF, is leased to a dental office at $2,100/mo, with negotiations targeting $2,400/mo. Upstairs, a 2-bedroom unit rents at $1,525/mo, and a 3-bedroom unit is expected to rent for $2,000/mo after renovations.Heat is included (oil-fired radiator), tenants pay electric. Commercial spaces have central air, residential units have window A/Cs. Served by private well and septic.Projected gross annual income exceeds $103,000 with operating expenses around $43,500, offering a 6.65% cap rate at list price. Income, expenses, survey, and leases available upon request. Don't miss this chance to own an income-generating asset in a desirable rural-suburban market.

Location

State NJ

County Hunterdon

Zoning Mixed Use

Rooms

Basement Unfinished

Interior

Heating Oil Tank Above Ground - Inside

Cooling 3 Units

Equipment Kitchen Area, Smoke Detector

Heat Source Oil Tank Above Ground - Inside

Exterior

Exterior Feature Brick/Block

Utilities Available See Remarks

Roof Type Asphalt Shingle

Building

Story 2

Sewer Septic

Water Well

Others

Ownership Fee Simple

Garden State MLS(GSMLS)
Information deemed reliable but not guaranteed. Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by ARC REAL ESTATE
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371 Pittstown Rd