Listing Details

1050 State Rt 23,Wantage Twp., NJ 07461-3345

  • December 13, 2025

Description

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!

Details

Last Updated On: December 13th, 2025 at 7:45 pm
Property ID:PT-18514205-AXZR
Offer Type:For Sale
Property Type:Mixed Use
Price: 629,999 $
Year Built:2021

Additional Details

Listing Details

Status: Active

Location

County: Sussex
Lotsize: 3.24 AC
Lot Description: Lake/Water View, Stream On Lot
Office SqFt: 1500
Property Type: Mixed Use, Office/Apartments
Available: Immediately
Lot Identifier: 13

Home Details

Location: Highway Location, Rural Area
Acreage: 3.24
Sale Includes: Building & Land, Equipment
Renovated: 2021
Construction: Brick/Block
Exterior Description: Brick/Block
Roof Description: Asphalt Shingle
Number of Garage Spaces: 50
Number of Stories: 2
Number of Units: 4
Number of Lavatories: 3
Floors: Carpeting, Laminate, Tile
Available SqFt: 3000
Building SqFt: 5000
Available Parking Spaces: 50
Color of Building: Gray
Parking Desc: Blacktop, Off-Street Parking, Parking Lot-Exclusive
Easement/Desc: Unknown
Basmnt/Desc: Yes - Full, Storage, Unfinished
YB/Desc: 2021 - Approximate
Block Identifier: 136
County Number: 28
Town Number: 2826
Possession: POT

Taxes, Fees & Assessments

For Sale Or Lease: For Sale
Documents Available: Financial Statement, Income & Expenses
Lease Type: Other
Lease Info: 1 Year Minimum
Lease Includes: Building Insurance, Building Maintenance, Common Area Maint, Sewer, Taxes, Water
Ownership: Fee Simple
Tax ID For Property: 2824-00136-0000-00013-0000-
Tax Amount: $9,024.00
Tax Year: 2024
Tax Rate: 2.953%
Tax Rate Year: 2025
Farm Assessment: No
Land Assessment: $134,900.00
Building Assessment: $170,700.00
Total Assessment: $305,600.00

Utilities

Equipment Available: Appliances, Kitchen Area, Restrooms - Private, Smoke Detector
Heat Source: Oil Tank Above Ground - Outside
Heat System: 4+ Units, Forced Hot Air, Multi-Zone
Cool System: 3 Units, Ductless Split AC
Water: Well
Sewer: Septic
Utilities: Electric
Services: Cable TV Available

Other

Permitted Use: Mixed Use/Office/Apts/Banquet Hall
Zoning: Commercial
Prior Use: Mixed Use/Office/Apts/Banquet Hall

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