USANJScotch Plains1508 Front St
1508 Front St, Home with 0 bedrooms, 1 bathrooms and null parking in Scotch Plains NJ | Image 1
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$1,675,000

1508 Front St, Scotch Plains, NJ

Real Estate

For Sale

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  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Commercial Sale
Size -
Garage No
HOA Fees 
Taxes $22,629
Days Active 2
Approx. Age 1960
MLS® Number 3989304

Property Address: 

Average square foot calculated using Size range provided by listing agent.

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. The vacant lot behind the building offers potential rental income if leased to a business needing space to store trucks, cars, buses, or limousines. This use would require a variance from the town. If approved, the lot could generate an estimated $5, 000 per month in additional income. The owner may be willing to contribute toward the cost of obtaining such a variance, depending on the variance. Potential cap rate of 10%Show Description
MLS® Number3989304
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1960
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatHeat Source: Gas-Natural, Heating Type: 4+ Units
A/C3 Units
Heating Fuel

Extras

Building & Land

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