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1050 S State Route 23 7,400 SF Specialty Building Offered at $629,999 at a 10.20% Cap Rate in Wantage, NJ 07461
Investment Highlights
- Route 23 Frontage
- 2 Apartments + Office Space + Event/Banquet Hall Space
- 3 Rental Units
Executive Summary
ATTENTION INVESTORS! Presenting a fabulous, renovated mixed-use property offering exceptional income potential and a 10% CAP RATE. This versatile building features three rental units, including two updated apartments, dedicated office space, and a spacious event/banquet hall area. Flexible configuration allows for potential restaurant or catering use, making this an ideal opportunity for investors, owner-operators, or business owners seeking additional revenue streams. The property has been thoughtfully improved and well maintained, ensuring strong rental appeal and long-term stability. Don't miss your chance to own this high-yield, multi-functional property with countless opportunities for growth and expansion. A must-see for serious investors!
Property Facts
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Property Taxes
| Parcel Number | 24-00136-0000-00013 | Improvements Assessment | $170,700 |
| Land Assessment | $134,900 | Total Assessment | $305,600 |
Property Taxes
Parcel Number
24-00136-0000-00013
Land Assessment
$134,900
Improvements Assessment
$170,700
Total Assessment
$305,600
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1050 S State Route 23
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