33-35 E Washington Ave, Washington Twp., NJ 07882
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$ 1,250,000
Est. payment | /mo

18,000 SqFt


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$ 1,250,000
Est. payment | /mo
Save

18,000 SqFt

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 18,000 sqft

Price per Sqft $69

MLS Listing ID 4053511

Year Built 1900

Annual Tax Amount $14,000

Tax Year 2025

Property Description

Excellent opportunity to own a fully renovated approximately 18,000-square-foot commercial property in the heart of Washington, Warren County, New Jersey. The property currently features an established storefront tenant generating $6,500 per month in rental income, while annual property expenses are approximately $20,000, including $14,000 in real estate taxes and $6,000 in property insurance.The building underwent extensive renovations approximately two years ago, providing a strong foundation for both current income and future investment potential. Improvements include a new HVAC system, new roof, new ceilings, updated flooring, plumbing improvements, and extensive interior renovations, allowing a new owner to benefit from a substantially improved property without the need for major immediate capital improvements.Beyond the existing commercial income, the property presents an attractive long-term redevelopment opportunity. The township may allow residential apartments to be developed above the existing commercial space, creating the potential for a mixed-use property combining retail and residential income. This flexibility provides an investor or owner-user with the opportunity to explore additional income-producing space and potentially increase the property's overall value through future redevelopment.

Location

State NJ

County Warren

Zoning B2

Rooms

Basement Finished-Partially, Full, Storage

Interior

Heating Electric, Gas-Natural

Cooling 1 Unit

Flooring See Remarks

Equipment Fire Alarm

Heat Source Electric, Gas-Natural

Exterior

Exterior Feature Brick/Block, Vinyl Siding

Garage Spaces 10.0

Utilities Available See Remarks

Roof Type Asphalt Shingle, See Remarks

Garage No

Building

Story 2

Sewer See Remarks

Water Public Water

Others

Ownership Fee Simple

Garden State MLS(GSMLS)
Listed by WEICHERT REALTORS
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Thomas "Chopper" Russo

Thomas "Chopper" Russo

Broker Associate

+1(201) 240-5200

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33-35 E Washington Ave

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