Remarks

This unique mixed-use property in the heart of Hopewell Borough offers an excellent investment opportunity with both residential and commercial spaces. The commercial unit (Unit 12), currently owner-occupied as a barbershop, is well-maintained and features multiple sinks and chairs, a spacious waiting area, a separate boiler system, and ample storage. With strong walk-in traffic and ample on-street parking, it's ideal for continued commercial use. The residential unit (Unit 14) has a private entrance and a generous layout. A foyer leads to the second floor, where a large living and dining room combination provides comfortable living space. The unit includes two sizable bedrooms, a galley-style kitchen, a sunroom suitable for a home office, and an updated full bathroom. A rear staircase leads to a private laundry room with additional storage, while a walk-up attic offers even more space. The property sits on a 35 x 76 ft. lot and offers a private backyard for added appeal. The heating system is a radiator setup, and the boilers are approximately 15 years old. The first-floor hot water heater was replaced in 2023. With its prime location, strong rental potential, and a mix of commercial and residential use, this property is an excellent opportunity for investors and owner-occupiers alike.

Details

MLS#: NJME2055868
Price: $554,900

Year Built: 1920

County: MERCER
Tax Fee: 7321.0