This 8,400 square foot building is a mixed-use property consisting of 5 superior Apartment rental units, a fully equipped Barber Shop, a Cosmetic and Nail Salon, Beauty Salon, a 2 car Garage (12'x30') or could function as a large storage unit and a vacant front street facing Retail or food store. It is situated at the confluence of Rt 206, Princeton Pike and Rt 1, all coming south from nearby Princeton and an area that has many attractions, including Rider Univ, College of NJ and Princeton Univ, as well as theaters and major business centers, plus rail and road connections to Philly and NYC.
Currently, the Barber Shop is vacant and the front of the building is available for a retail or food business easily seen and accessible from the busy road with ample parking for fast pick-ups. Overall 25 + parking spaces around this building! A conservative estimate of using current market rentals for like properties suggest a gross income range of $146,000 - $153,000 is very achievable . Currently, rentals are month to month!
As a plus, Lawrence Township Certificate of Inspection was approved for the 5 Apartment units on 7/7/21, as well as NJ Certificate of Inspection was approved for multiple dwelling usage.
Courtesy of: Weidel Realtors-Princeton 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: 28th September, 2021 7:44 AM