5 Church StVernon, NJ 07462

  • Commercial real estate
  • 3,240 SF
For Sale
$469,900 View listing

Property Details for 5 Church St

Year built
1960
Lot size
0.39 AC
Property size (Sq ft)
3,240 SF
Property type
Commercial real estate
APN
22 00404-0000-00001
APU
2200404000000001

Description

This exceptional 3,240 square foot commercial property, located at 5 CHURCH ST Unit 5, Vernon, NJ, presents a unique investment or business opportunity. Situated in the burgeoning Vernon Town Center, this completely renovated building (2023) boasts a prime location near popular attractions including Mountain Creek Ski Resort & Water Park, Crystal Springs Golf Resort, the Appalachian Trail, and the shopping village of Warwick, NY, as well as several wineries. The building's configuration is ideal, featuring three commercial units and one residential unit. The 0.38-acre lot provides ample space. Currently, the residential unit is occupied. This presents a compelling opportunity for an investor seeking a diversified portfolio or a business owner looking for a high-visibility location. The current owner is relocating, making the property available for immediate occupancy. Lease space is also available, offering flexibility for potential tenants. The property's strategic location and recent renovations make it an attractive proposition for a variety of commercial uses. The proximity to recreational amenities and shopping centers ensures high foot traffic and visibility. This is a rare chance to acquire a well-maintained, versatile commercial property in a rapidly growing area. Don't miss this opportunity to establish your business or expand your investment portfolio in a thriving New Jersey community.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $921,262
    Hospitality
    $843,871
    Educational
    $702,091
    Medical
    $726,237
    Retail
    $1,092,142

Location Insight

City
Vernon
County
Sussex
State
New Jersey
Latitude
41.2002
Longitude
-74.4857
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$8,336
$151,900
$119,100
$271,000
-
$151,900
$119,100
$271,000

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