This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
480-492 Route 46 W
Belvidere, NJ 07823
Land For Sale
·
12.30 AC
PROPERTY FACTS
DESCRIPTION
The property currently generates a Net Operating Income of approximately $93,000 from an Italian restaurant and six bungalow apartments with month-to-month leases. This property is a shovel-ready development opportunity. It is the only large commercial site in the area with availability to sewer and water lines between Hackettstown, New Jersey and Pennsylvania on U.S. Highway 46. The tenants are Luigi's Rancho Restaurant, five apartment units, and a car lot. The Italian restaurant, Luigi's Rancho Restaurant, is currently undergoing an approximately $100,000 renovation. The site is approximately 12.3 acres and preliminary plans have been approved for a 70,000-square foot structure and a 13,600-square foot pad site. It also has excellent frontage on US Highway 46.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $461,800 | |
| Land Assessment | $301,100 | Total Assessment | $762,900 |
PROPERTY TAXES
