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!
2,178 Sq Ft Exterior Space
Commercial
$10,958 Annual Tax
Built in 1939
MLS/Listing ID 3971521
3 Stories
3 Units
Flat
Listing Courtesy of FREE BRIDGE REALTY, LLC, ELLEN SHAUGHNESSY
Source of Data: GARDEN STATE MLS