For Sale
$489,000

2786 Rt 23Hardyston, NJ 07460

High-yield, 2700 sq ft, Route 23 location.

Overview

Added:
Feb 3
Days on market:
64
This exceptional commercial property, located at 2786 Route 23 in Hardyston, NJ, presents a compelling investment opportunity. The 2,700 square foot building sits on a 0.46-acre lot and is currently generating income with an existing tenant, projecting a 6% capitalization rate. Its prime location on the heavily trafficked State Route 23 ensures high visibility and accessibility, crucial for attracting and retaining tenants. The property's current configuration offers immediate cash flow, while its size and layout provide the potential for future expansion or diversification through multi-tenant strategies. This turnkey investment is ideal for those seeking a stable, high-yield asset in a thriving commercial corridor. The property's strategic location on Route 23 offers significant advantages for businesses seeking high traffic exposure. The existing tenant provides immediate return on investment, while the potential for multi-tenant occupancy allows for future growth and increased profitability. This presents a rare opportunity to acquire a well-positioned commercial property with proven income generation and significant upside potential in a desirable New Jersey location. The 0.46-acre lot offers ample space for potential future development or expansion. This is a truly exceptional opportunity for investors seeking a stable and profitable commercial investment.

Property Details for 2786 Rt 23

Property type
Square Feet
2,700 SF
Lot Size (sq. ft)
20,038 SF

Location Insight

City
Hardyston
County
Sussex
State
New Jersey
Latitude
41.09177
Longitude
-74.52428
2786 Rt 23, Hardyston, New Jersey

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2786 Rt 23
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