239 State Route 79

Investment Highlights

High traffic area. 1 acre property prime for expansion.

Executive Summary

Attention Investors: This mixed-use property in a C-2 Neighborhood Commercial District has long-term tenants with multi-year leases. This income-producing property could be an ideal addition to your portfolio, located on RT 79 in the Morganville section of Marlboro Township. There are two buildings on the property. The three-story building has approximately 1000 sqft of retail space on the first floor and a 2-bedroom apartment with 1160 SqFt on the second floor. You'll be delighted to discover the apartment features an oversized galley kitchen, dining room, living room, laundry, and outdoor deck. There are more rooms on the 3rd floor, currently used as storage rooms for the apartment tenant. The third floor does have a separate entrance.The latest improvement to the property features a new, large-capacity, state-of-the-art sewage system. The second building is home to a 780 sqft workshop and retail space. There is ample attic storage on the 2nd floor of this building, too. These facilities are on an acre of property that backs to the Henry Hudson Trail. Call today for further information and to schedule a visit to your new investment property.

• Sale Type    Investment
• Sale Condition    Bulk/Portfolio Sale
• Property Type    Retail
• Property Subtype    Storefront Retail/Residential Storefront Retail/Residential General Retail Restaurant Office Office Residential Storefront Retail/Residential
• Building Size    1,936
• Building Class    C
• Year Built/Renovated    1925/2000
• Price    694,900
• Price Per SF    359
• Percent Leased    100
• Tenancy    Multiple
• Building Height    2 Stories
• Building FAR    0.04
• Land Acres    1.00 AC

• Security System
• Storage Space
• Air Conditioning