7-11 Main StClinton, NJ 08809

  • Commercial real estate
  • 2,122 SF
For Sale
$650,000 View listing

Property Details for 7-11 Main St

Year built
1900
Construction
FRAME
Lot size
0.15 AC
Property size (Sq ft)
2,122 SF
Zone code
C-1
Property type
Commercial real estate
APN
05 00011-0000-00004
APU
500011000000004

Description

This exceptional 5,049 square foot commercial property, located at 7-11 Main Street in the heart of Downtown Clinton, NJ, presents a unique investment opportunity. Situated on a 0.15-acre lot, this mixed-use building currently houses a thriving gift and card store, benefiting from the high pedestrian traffic of this prime downtown location. Recent upgrades include new flooring throughout. The building's strong foundation provides a solid base for continued success with the existing business, which is available for sale along with the property. The upper level offers significant potential for conversion into residential apartments, generating additional rental income. A private rear parking area comfortably accommodates approximately 15 vehicles, providing ample parking for customers and residents, and offering further income potential. This property is ideally suited for an owner-operator seeking to capitalize on an established business and expand its revenue streams, or for an investor looking for a strong return on investment in a desirable location. The combination of a successful retail operation and the potential for residential development makes this a truly versatile and attractive commercial property. Don't miss this chance to own a piece of Clinton's vibrant downtown.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $603,370
    Hospitality
    $552,684
    Educational
    $459,826
    Medical
    $475,640
    Retail
    $715,285

Location Insight

City
Clinton
County
Hunterdon
State
New Jersey
Latitude
40.6365
Longitude
-74.9102
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
$14,828
$137,500
$322,000
$459,500
-
$137,500
$322,000
$459,500

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