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    150 S Main St

    Phillipsburg Town, NJ 08865
    • $475,000
    • STATUS: Active
    • ON SITE: 64 days
    • MLS #: 3685105
    UPDATED: 222 min ago
    $475,000
    • 0
      BEDS
    • 0.05
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    Built:
    1939
    County:

    School Ratings & Info

    Description

    Situated in the heart of historic downtown Phillipsburg, near popular train rides with parking out back. Classic charming fully-equipped diner, with 2 income-producing apartments above. Turnkey eatery Location, location, location. At edge of NJ find the gateway to the Lehigh Valley, here on the Main street of this river town. Located in a NJ Opportunity Zone, this mixed use property offers excellent potential. Retro charm abounds in the diner whose kitchen boasts a 15' hood with Ansul wet-system for fire suppression. 6-burner gas stove, walk-in freezer - everything you need is here! Inventory list attached. Current diner operator has lease thru Sept. 2021 and has a low rent due to the pandemic dining limitations. This rent goes up to $2000/mon. unless new owner wants to operate here. Interconnected fire alarm.

    Monthly Payment Calculator



    © 2021 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Christie's International Real Estate Northern New Jersey. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Christie's International Real Estate Northern New Jersey are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2021-03-08T22:46:47.88.
    www.srrealestategroup.com/homes/112973614
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    150 S Main St Phillipsburg Town, NJ 08865

    • Price: $475,000
    • Status: Active
    • Updated: 222 min ago
    • MLS #: 3685105
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.05
    Acres
    1939
    Built
    County:
    Warren
    Area:
    Phillipsburg Town
    Property Description
    Situated in the heart of historic downtown Phillipsburg, near popular train rides with parking out back. Classic charming fully-equipped diner, with 2 income-producing apartments above. Turnkey eatery Location, location, location. At edge of NJ find the gateway to the Lehigh Valley, here on the Main street of this river town. Located in a NJ Opportunity Zone, this mixed use property offers excellent potential. Retro charm abounds in the diner whose kitchen boasts a 15' hood with Ansul wet-system for fire suppression. 6-burner gas stove, walk-in freezer - everything you need is here! Inventory list attached. Current diner operator has lease thru Sept. 2021 and has a low rent due to the pandemic dining limitations. This rent goes up to $2000/mon. unless new owner wants to operate here. Interconnected fire alarm.
    Exterior Features

    Approximate Lot Size .051 ACRE Construction Brick/Block Exterior Description Composition Siding Location Business DistrictFreestanding Lot Description Level Lot Number Of Bays 0 Number Of Docks 0 Parking Driveway Description Additional ParkingBlacktopOn-Street ParkingParking Lot-Shared Roof Description Flat

    Interior Features

    Basement Yes Basement Description Full Cooling Wall A/C Unit(S)Window A/C(S) Equipment Available AppliancesExhaust SystemFire AlarmFixturesFurnitureKitchen AreaSmoke DetectorStorage Area(S) Floors Vinyl-Linoleum Heating Baseboard - ElectricMulti-Zone Max Ceiling Height 0 Max Door Height 0 Number Of Lavatories 4 Office Sq Ft 0

    Property Features

    Available Negotiable Expenses Include InsuranceSee RemarksTrashWater/Sewer For Sale Or Lease For Sale Fuel Type ElectricGas-Natural Gross Operating Income 41400 Lease Includes See RemarksTaxes Lease Type Net Net Operating Income 23549 Owner Pays See RemarksWater Permitted Use Mixed Primary Property Type Restarnt Prior Use Teddy's DinerAnd Now A New Diner (Thru Sept.) Property Type Mixed UseRestaurantRestaurant/Bar Sale Includes Building OnlyEquipmentOperating Licenses Sewer Public Sewer Suite Number 0 Tax Amount 9680 Tax Rate Amount 4.015 Tax Rate Year 2019 Tax Year 2019 Tenant Pays ElectricGasHeatHot WaterSee RemarksSnow Removal Total Operating Expense 17851 Utilities ElectricGas-Natural Utilities Paid By Tenant Water Public Water Year Built Description Standing Zoning Commercial

    Listing information © 2021 Garden State Multiple Listing Service,LLC.
    Listing provided courtesy of Free Bridge Realty, Llc.


    © 2021 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Christie's International Real Estate Northern New Jersey. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Christie's International Real Estate Northern New Jersey are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2021-03-08T22:46:47.88.
     
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    Christie's International Real Estate Northern New Jersey
    47 Maple Street
    Summit NJ, 07901