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35 2nd St

Fanwood Boro, NJ 07023
  • $2,299,000
  • STATUS: Active
  • ON SITE: 191 Days
  • MLS #: 3771182
UPDATED: 22 min ago
$2,299,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,463
    SQFT
  • $308
    $/SQFT
Type:
Commercial
Built:
2021
County:
Area:

School Ratings & Info

Description

Completed in December of 2021, this beautifully renovated building has come available for sale. 35 2nd St is fully leased & performing mixed used building. It offers 5 Units, 2 retail & 3 residential units. In addition, the building offers 14 Parking Spaces, adjacent to the building & has 1 attached garage, located within the townhouse unit. Build to last, this building has a high basement ceiling, Superior Walls. The residential units offer additional support by supplementing an additional $30 each for their garbage fees. All utilities are separate in this building & has 5 e-mon meters for the water service.Finally, this location cannot be beat! Walking distance to the train, parks, restaurants, shopping & more. Fanwood, NJ is scarce when it comes to properties in the Central Business District like this! Easily accessible to Routes 28, 22, 78 & GSP.Both retail units have been leased for 5 years with annual increases. The currently open business has a 5 Star Rating on Google!

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Garden State MLS logo © 2022 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 2022-10-02T21:46:43.05.
www.srrealestategroup.com/homes/127041913
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35 2nd St Fanwood Boro, NJ 07023

  • Price: $2,299,000
  • Status: Active
  • On Site: 191 Days
  • Updated: 22 min ago
  • MLS #: 3771182
0
Beds
0
Baths
0
½ Baths
N/A
Acres
7,463
SQFT
$308
$/SQFT
2021
Built
Neighborhood:
Central Business District
County:
Union
Area:
Fanwood Boro
Property Description
Completed in December of 2021, this beautifully renovated building has come available for sale. 35 2nd St is fully leased & performing mixed used building. It offers 5 Units, 2 retail & 3 residential units. In addition, the building offers 14 Parking Spaces, adjacent to the building & has 1 attached garage, located within the townhouse unit. Build to last, this building has a high basement ceiling, Superior Walls. The residential units offer additional support by supplementing an additional $30 each for their garbage fees. All utilities are separate in this building & has 5 e-mon meters for the water service.Finally, this location cannot be beat! Walking distance to the train, parks, restaurants, shopping & more. Fanwood, NJ is scarce when it comes to properties in the Central Business District like this! Easily accessible to Routes 28, 22, 78 & GSP.Both retail units have been leased for 5 years with annual increases. The currently open business has a 5 Star Rating on Google!
Exterior Features

Approximate Lot Size 75X119X75X122 Construction Formed ConcreteWood Exterior Description Composition Siding Location Business District Lot Description Level Lot Number Of Bays 0 Number Of Docks 0 Parking Driveway Description BlacktopOff-Street ParkingParking Lot-Exclusive Roof Description Asphalt Shingle

Interior Features

Basement Yes Basement Description FullUnfinished Cooling 4+ UnitsCentral Air Equipment Available AppliancesFire AlarmSmoke DetectorSprinkler System Floors Laminate Heating 4+ UnitsForced Hot Air Max Ceiling Height 0 Max Door Height 0 Number Of Lavatories 7 Office Sq Ft 0

Property Features

Available Immediately Expenses Include InsuranceMaintenance - ExteriorProperty ManagementSee RemarksTaxesWater/Sewer For Sale Or Lease For Sale Free Rent No Fuel Type Gas-Natural Gross Operating Income 183600 Lease Includes Common Area MaintSewerTaxes Lease Type Primary Net Operating Income 132084 Owner Pays SewerSnow RemovalTrash Removal Primary Property Type Mixeduse Property Type Mixed UseOffice/Retail Sale Includes Building & Land Sewer Public Sewer Suite Number 0 Tax Amount 6553 Tax Rate Amount 2.779 Tax Rate Year 2021 Tax Year 2021 Tenant Pays ElectricGasHeatWater Total Operating Expense 51516 Utilities ElectricGas In Street Utilities Paid By Tenant Water Public Water Year Built Description Renovated Zoning Cbd

Listing information © 2022 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of : [IDXCONTACTINFORMATION].


Garden State MLS logo © 2022 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 2022-10-02T21:46:43.05.
 
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Christie's International Real Estate Northern New Jersey
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Summit NJ, 07901