16
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$425,000
Est. payment /mo
2,178 Sqft Lot
Active
150 S MAIN ST Phillipsburg Town, NJ 08865
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 3971521
Year Built 1939
Annual Tax Amount $10,958
Tax Year 2024
Lot Size 2,178 Sqft
Property Sub-Type Mixed Use
Property Description
At edge of NJ find the gateway to the Lehigh Valley, here on the Main street of this charming river town. Situated in the heart of historic downtown Phillipsburg, near the popular train rides with city parking out back. Classic charming fully-equipped restaurant, with 2 income-producing apartments above. Great location, location, location for eatery, with 4 years to go on the lease. This mixed-use property offers excellent potential; two renovated apartments above are ready to go! Restaurant kitchen boasts a 15' hood with Ansul wet-system for fire suppression. 6-burner gas stove, walk-in freezer. Near many more cute shops and eateries. Restaurant could rent for $3000/month (now vacant, for sale). Owner just needs to add a house panel to electric. Property has an Interconnected fire alarm. Two apartments above should command $1600 each. $74,k gross annual rent potential. Nice property with an upside and excellent spot to invest, in historic downtown PBurg!
Location
State NJ
County Warren
Zoning commercial
Rooms
Basement Full
Interior
Heating Electric, Gas-Natural
Cooling Wall A/C Unit(s), Window A/C(s)
Flooring Vinyl-Linoleum
Equipment Appliances, Exhaust System, Fire Alarm, Fixtures, Furniture, Kitchen Area, Smoke Detector, Storage Area(s)
Heat Source Electric, Gas-Natural
Exterior
Exterior Feature Composition Siding
Utilities Available Electric, Gas-Natural
Roof Type Flat
Building
Lot Description Level Lot
Story 3
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple
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Listed by FREE BRIDGE REALTY, LLC