Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
None
Sq.Footage
N/A
3-story mixed-use income property asset centrally located in the high barrier-to-entry Borough of Hawthorne, NJ features a balanced unit mix of one 2-Bed/1-Bath apartment & bonus full attic space both anchored by one storefront w/ 16ft street frontage retrofitted for convenience store use. Street-level retail offers an open floor concept entailing shelved display space, elevated countertop, 7-8 ft ceiling height, sizable casement windows, one restroom facility and private rear storage room. Active licensing for NJ Lottery can be transferable to new ownership. Video surveillance system, hardwired smoke/carbon & central fire station box serve as primary security/fire safety features. Full basement & on-site parking. Large apt includes. EIK, sep. LR/DR areas, one full bath & access to enclosed heated back porch. Utilities separately metered. 3rd floor unfinished attic w/ vaulted ceilings, storm windows and open floor concept represents bonus square footage ideal for a proposed bi-level unit with 2nd FL unit subject to municipal approval. Property zoned R-2. Priced to sell strictly in "as-is" condition shifting responsibility for obtaining all municipal permits/certificates required for closing purposes to the prospective buyer. Value-add investment opportunity ideal for private investors seeking either stakeholder position as owner/user or adaptive re-use play to force appreciation at market rental rate cash-flow upon renovation completion & full lease-up stabilization.
Features & Amenities
Interior
-
Total Bedrooms
N/A
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Bathrooms
N/A
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Pet friendly
N/A
Exterior
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Garage
No
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Pool
No
Area & Lot
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Property Type
Residential Income
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Property Sub Type
Mixed Use
Price
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Sales Price
$699,000
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Sq. Footage
N/A
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Price/SqFt
N/A
HOA
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Association
No
School District
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Elementary School
N/A
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Middle School
N/A
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High School
N/A
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Location
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PASSAIC
Elementary School
Middle School
High School
Listing Courtesy of Paul Washington , Coldwell Banker, Upper Montclair
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