House Description

This property was previously used as a construction and overhead garage company for many years. The lot behind the main building is approximately 70' x 140'. In addition, there is a second building on the property facing 111 Terrill Road, currently leased to Rita's Ice and Subway, providing steady rental income. The Front Street building offers approximately 1,200 sq. ft. of office space, along with a 600 sq. ft. garage ideal for running your own business while benefiting from two existing income-producing tenants to help offset the mortgage. The property is zoned B-2, and the owner may assist in pursuing a variance for alternative uses if desired. Located in an X Flood Zone, no flood insurance is required. . If approved, the lot could generate an estimated $5,000 per month in additional income with a use variance . The owner may be willing to contribute toward the cost of obtaining such a variance, depending on the variance.

Highlights

Listed by PAUL LAMASTRA , MP ERA SUBURB REALTY , 908-322-4434. Garden State MLS

Property Type

Business Opportunity

County

Union

Listing ID

3989241

Questions about this listing?

Contact Agent

Payment Calculator

Payment Breakdown

Principal Interest

$6,107

Taxes

$765

Home Price

$1,200,000

Home Price

Loan Details

30 yrs

6.562%

Interest Rate

Loan Type

Down Payment

20%

$240,000

Down Payment

Down Payment %

All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

Monthly Price:

$6,107.05

Principal

Taxes