GREAT LOCATION WITH HIGH VISIBILITY AND POSITIVE MONTHLY CASH FLOW! INVESTORS don’t miss out on this AMAZING INCOME-PRODUCING COMMERCIAL OPPORTUNITY! 345 High St. is a well-maintained 3-story commercial building located on a corner lot in the URBAN COMMERCIAL DISTRICT within the thriving community of Downtown Burlington. Boasting 3 STORIES and 5,391 total sq ft. of space.1st Floor is 2,500 sq ft. and is fully TENANT OCCUPIED by an actively running Restaurant, complete with 2 public restrooms and commercial kitchen. Space comes complete with a full inventory list that includes a commercial-grade stove, walk-in refrigerator and fryers, and fully furnished with chairs and tables. Monthly rent offers you, the investor, the potential for rental income of $2,600 GROSS PER MONTH ($36K ANNUALLY)! The remaining two floors offer 2 individual apartment units, both with the possibility to rent them out for rental income. 2nd Floor is a 2 Bedroom, 2 Full Bath apartment boasting 1,800 sq ft of living space, currently owner occupied, and also features wood floors, a combination Dining/Living Room and NEW Eat-in Kitchen with gas appliances and granite countertops. This apartment can be rented out for as much as $1,650/MONTHLY, allowing you to collect a rental income of $19.8K ANNUALLY! The 3rd and final floor is a 2 Bedroom, 1 Full Bath apartment offering 1,000 sq ft. of living space, including a generously sized Bathroom and large Family Room area. Also currently owner occupied, this unit has the potential to be INCOME PRODUCING and can potentially be rented out for as much as $1,200/MONTHLY- that’s an additional $14.4/ANNUALLY directly in your pocket! If you do the math between the two apartments, you have the full potential to make a total profit of $34.2/ANNUALLY, that’s ON TOP of your existing $36K cash flow from the fully running restaurant you currently will receive- talk about a GREAT INVESTMENT! There is ample parking available for your incoming customers and tenants both on-street and in the town’s designated public parking lot found in the rear of the building. This truly is an AWESOME LOCATION with so much opportunity to THRIVE as an established investor. You are located a few blocks away from the Delaware River Waterfront and some of Burlington’s top-rated shops and dining establishments. Commuting to and from your location is a breeze and only a few minutes away from all major highway on-ramps including 295 N/S, Rt-130, Rt-38 NJ and PA Turnpike, Delaware Expressway and more. Property is situated in a DENSELY POPULATED area, with a population of over 446K, a 14% GROWTH RATE from 2020! Don’t let this amazing INCOME GENERATING opportunity pass you by.
Courtesy of: Nancy Kowalik Real Estate Group Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 3rd August, 2021 2:11 PM