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241-243 N US Highway 206
Stanhope, NJ 07874
Retail Property For Sale
Investment Highlights
- 1,154 SF three-bedroom residential apartment
- 2,420 SF retail / office / light industrial commercial space
Executive Summary
Exceptional opportunity to acquire a high-visibility mixed-use property located directly along the Route 206 commercial corridor in Stanhope, New Jersey. The property offers a rare combination of residential income and flexible commercial / light industrial space, making it ideal for an owner-user, investor, or live-work business operator. The property consists of a 3,574 square foot building situated on 0.56 acres with 272 feet of highway frontage along U.S. Route 206, providing excellent visibility and strong daily traffic exposure
The commercial space is currently owner-occupied, presenting significant upside potential for leasing or continued owner-user operation. This flexible configuration makes the property ideal for contractors, service businesses, professional offices*, retail users*, or investors seeking a mixed use asset with income and growth potential
The commercial space is currently owner-occupied, presenting significant upside potential for leasing or continued owner-user operation. This flexible configuration makes the property ideal for contractors, service businesses, professional offices*, retail users*, or investors seeking a mixed use asset with income and growth potential
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,574 SF
Building Class
C
Year Built
1948
Price
$899,000
Price Per SF
$251.54
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.15
Lot Size
0.56 AC
Zoning
LI - Light industrial
Parking
15 Spaces (4.92 Spaces per 1,000 SF Leased)
Frontage
43’ on Us-206
Amenities
- Freeway Visibility
Property Taxes
| Parcel Number | 19-11701-0000-00010 | Improvements Assessment | $94,200 |
| Land Assessment | $164,300 | Total Assessment | $258,500 |
Property Taxes
Parcel Number
19-11701-0000-00010
Land Assessment
$164,300
Improvements Assessment
$94,200
Total Assessment
$258,500
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