24 Broad StReadington Township, NJ 08887

Property Details for 24 Broad St

Year built

1950

Lot size

0.55 AC

Property size (Sq ft)

2,899 SF

Zone code

VR

Property type

Other commercial real estate

APN

22 00089-0000-00003

APU

2200089000000003

Description

This exceptional mixed-use property in Readington Township, NJ, presents a lucrative investment opportunity. The 3,500 square foot building, constructed in 1950 and extensively renovated in 2022, boasts a prime location at a Route 202 intersection between Flemington and Somerville, ensuring high visibility and accessibility. The building features 1,900 square feet dedicated to a commercial space, approved for various food establishments including pizzerias, and includes some existing inventory. The remaining space comprises a fully renovated two-bedroom apartment with a private entrance, ideal for owner occupancy or rental income generation. The exterior showcases a blend of stucco and stone, complemented by new windows and a new roof. Ample on-site parking (8 spaces) caters to both business patrons and apartment residents. Additional features include a full basement, office space, and substantial storage. The property sits on a 0.55-acre lot and is connected to public sewer. Its strategic location benefits from proximity to Three Bridges, Hunters Crossing Condominiums, and a nearby 80-unit development under construction, promising increased customer traffic. Owner financing is available with an acceptable offer. This turnkey operation offers a unique blend of commercial and residential potential, making it an attractive investment for discerning buyers. The asking price is $899,900.

• Alternative Use

  Use

  Valuation

  Residential

  $605,659

  Hospitality

  $554,781

  Educational

  $461,571

  Medical

  $477,445

  Retail

  $717,999

Location Insight

City

Three Bridges

County

Hunterdon

State

New Jersey

Latitude

40.5245

Longitude

-74.7981

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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