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$ 435,000
Est. payment /mo
Active
150 S MAIN ST Phillipsburg Town, NJ 08865
2,178 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 4035768
Year Built 1939
Annual Tax Amount $10,958
Tax Year 2024
Lot Size 2,178 Sqft
Property Sub-Type Mixed Use
Property Description
At the edge of NJ and gateway to the Lehigh Valley, here's a gem on the Main street of this charming river town. Situated in the heart of historic downtown Phillipsburg, near popular themed train rides with city parking out back. Classic fully-equipped restaurant, with 2 income-producing apartments above. Great location, location, location for eatery. This mixed-use property offers excellent potential; two nicely renovated 2 BR apartments above. Restaurant kitchen boasts a 15' hood with Ansul wet-system for fire suppression. 6-burner gas stove, walk-in freezer. Near many more cute shops, Art center, and eateries. Restaurant could rent for $2500/month (now vacant). At this price, buyer is in charge of finishing c/o work (approx $8,k code work). Property has an Interconnected fire alarm - needs a house panel to fully comply to code. Two apartments above should command at least $1600 each. If you do a $2200 lease on first that's over $60,k gross annual rent potential. Perfect for a restauranteur/chef that wants the additional steady income from above or live upstairs. Nice property with an upside and excellent spot to invest, in historic downtown PBurg! Scenic riverside spot with popular consigner and art center on the block. Walkable to downtown historic Easton PA - a quick stroll across the free bridge lands you in this fabulous LOCATION, brimming with opportunity. Sq footage is estimated. Brimming with POTENTIAL here!
Location
State NJ
County Warren
Zoning commercial
Rooms
Basement Full
Interior
Heating Electric, Gas-Natural
Cooling Wall A/C Unit(s), Window A/C(s)
Flooring Vinyl-Linoleum
Equipment Appliances, Exhaust System, Fire Alarm, Fixtures, Furniture, Kitchen Area, Smoke Detector, Storage Area(s)
Heat Source Electric, Gas-Natural
Exterior
Exterior Feature Composition Siding
Utilities Available Electric, Gas-Natural
Roof Type Flat
Building
Lot Description Level Lot
Story 3
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple
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Listed by FREE BRIDGE REALTY, LLC
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