Remarks

Excellent investment opportunity! This unique property offers a single-story, 9,600 +/- square-foot masonry building and an income-producing residential duplex. The warehouse’s front section features a well-maintained office space, while the rear boasts spacious warehouse facilities with 14-foot ceilings. Additional amenities include a loading dock, a drive-through door (10 feet wide and 14 feet high), two restrooms, 220-volt electrical service, and 900 square feet of clean office space.
The included duplex, located at 406–408 Berg Avenue, currently generates $28,200 annually, with potential to reach $39,000. Unit #1 of the warehouse spans approximately 5,000 square feet, renting for $38,400 per year with room to increase to $60,000. Unit #2 is a mechanics bay with long-term lease in place. Units #3 and #4 can be leased together at approximately 3,840 square feet, or separately at 1,920 square feet each can potentially be leased $2400 a year. The entire property is fenced and the warehouse is equipped with a security system. This is a rare find in a desirable location, offering a mix of residential and industrial income streams. Ideal for contractors, light manufacturers, or investors.

Details

MLS#: NJME2054276
Price: $1,167,000

Year Built: 1935

County: MERCER
Tax Fee: 10825.0