154 Route 23
Wantage, NJ 07461
Description
Calling all investors!!! Great investment opportunity with this prime commercial property located in Wantage, right on Route 23. Known for its high traffic flow, this location ensures maximum visibility and accessibility, making it a lucrative addition to any investor's portfolio. This property offers 1,880 square feet of versatile commercial space and is currently leased to a thriving business, Cow Patty's, ensuring steady rental income. With a robust 10% capitalization rate, this property stands as a solid income-generating asset.Investing here provides several advantages. The steady income stream from Cow Patties, a reliable tenant, ensures consistent rental income, providing immediate returns on investment. The property's location on Highway Route 23 benefits from substantial daily traffic, enhancing the potential for long-term tenant retention and higher rental rates. Furthermore, the prime location and current cap rate indicate strong future appreciation potential, offering significant upside for savvy investors. This is a hassle-free investment with an established tenant and proven income, ideal for investors seeking a stable addition to their portfolio.Don't miss this rare opportunity to own a high-yielding commercial property in a prime location. Whether you're an experienced investor or looking to diversify your portfolio, this property in Wantage, NJ offers the perfect blend of stability and growth potential.
Interior Details
- FloorsLaminate, Tile
Heating & Cooling
- Heating SourceElectric, Gas-Natural
- HeatingForced Hot Air
Property Details
- Exterior MaterialsSee Remarks
Construction Details
- Basement DescriptionCrawl Space, Storage
- Property TypePurchase
- BasementYes
Condition
- Year Built9999
Material information
- RoofRubberized
Utilities / Energy Details
- Utility FeaturesElectric, Gas-Natural
- Sewer InformationSeptic
- WaterWell
Other
- OwnershipFee Simple
Source
- MLS #3913801
Location
Legal
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Last Updated: . Source: GSMLS
Listing Courtesy
Listing Agent: JOSEPH KRUMPFER (#310893), Phone: (973) 293-0085
Listing Office: KRUMPFER REALTY GROUP (#6205)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.