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29 RACE ST Frenchtown, NJ 08825
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Key Details
Sold Price $455,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Subdivision Downtown
MLS Listing ID NJHT104210
Sold Date 06/19/19
HOA Y/N N
Originating Board BRIGHT
Annual Tax Amount $15,722
Tax Year 2018
Lot Size 8,712 Sqft
Acres 0.2
Lot Dimensions .20 ACRES
Property Sub-Type Five Or More Units
Property Description
Here's an exceptional commercial investment opportunity in the heart of historic Frenchtown, located near the bucolic Delaware River. This 6-unit building ticks all the boxes: centrally located on Frenchtown's main thoroughfare, with 4 separate shopfronts and 2 upper floor units, lots of natural light, and minimal set-up costs for investor and tenants alike. The second and third floors contain large, warehouse-style spaces with high ceilings, full baths, reception areas and private office space. The 4 ground-level units enjoy high exposure from a large, open courtyard which currently features installation art. All 6 units have bathroom facilities and office space in addition to display rooms and storage. Great signage visibility on Race Street. Established businesses surround this property. Courtyard area offers display & sitting area or possible expansion with borough approval.
Location
State NJ
County Hunterdon
Area Frenchtown Boro (21011)
Zoning R-4
Direction East
Rooms
Other Rooms Primary Bedroom
Interior
Hot Water Electric
Heating Baseboard - Hot Water, Heat Pump(s)
Cooling Central A/C, Heat Pump(s), Window Unit(s)
Flooring Tile/Brick, Wood, Carpet, Vinyl
Fireplace N
Heat Source Electric, Oil, Propane - Leased
Exterior
Utilities Available Water Available, Sewer Available, Butane, Electric Available, Phone, Cable TV Available, Above Ground
Water Access N
Roof Type Flat
Accessibility None
Road Frontage Boro/Township
Garage N
Building
Building Description Other,Wood Walls,Masonry, Private Restrooms,Clear Span,Display Window,Fire Escape,Sprinkler System
Foundation Stone
Sewer Public Sewer
Water Public
Structure Type Other,Wood Walls,Masonry
New Construction N
Schools
High Schools Delaware Valley Regional H.S.
School District Delaware Valley Regional Schools
Others
Tax ID 11-00041-00005 01
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
Special Listing Condition Standard
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Bought with Matthew Meade • MWM Group LLC