169 W Main St Rahway, NJ $ 2,200,000
169 W Main St
$ 2,200,000
New Construction
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169 W Main St

Rahway, NJ, 07065
$ 2,200,000
Baths0.6

Monthly Estimate*

$ 15,368

169 W Main St, Rahway, NJ 07065 - Image 1
169 W Main St, Rahway, NJ 07065 - Image 2
169 W Main St, Rahway, NJ 07065 - Image 3
Studio

Commercial Property for sale in Rahway, NJ

for $2,200,000 with 6 half baths. This building was built in 1890 on a lot size of 0.3.

BACK ON MARKET, LOCATED IN UPCOMING DOWNTOWN RAHWAY ARTS DISTRICT, BEHIND THE UNION COUNTY PERFORMING ARTS CENTER, BLOCKS FROM THE HAMILTON STAGE ARTS CENTER AND JUST BLOCKS AWAY FROM NJ TRANSIT TRAIN STATION AND NUMEROUS OTHER RESTAURANTS AND BARS, THE COMPLEX CONTAINS A MULTI LEVEL CITY APPROVED 380 CAPACITY RESTAURANT AND BAR, 2 LARGE DUPLEX APARTMENTS ABOVE. lIQUOR LICENSE. LARGE PARKING LOT WITH 30 PLUS PARKING,SPACES, A RIVER VIEW. THERE IS TREMENDOUS REDEVELOPMENT IN DOWNTOWN, NUMEROUS EATERIES, BARS HAVE RECENTLY OPENED AND THOUSANDS OF NEW APTS BUILT OR ABOUT TO BE BUILT. THERE IS A STRONG MARKET FOR APT RENTALS. THIS PROPERTY IS JUST MINUTES FROM RTES 1&9 AND QUICK RIDE TO GSP..REAR PART OF BUILDING DAMAGED BY KITCHEN FIRE, BUT MAIN BUILDING AND BASEMENT ARE FULLY IN TACT, PLUS SALE INCLUDES 171 MAIN WHICH IS CONNECTED NEXT DOOR AND CONTAINS COMBINED 2 OTHER 2 & 3 BEDROOM UNITS AND HUGE REAR YARD WITH POTENTIAL FOR POSSIBLE BEER GARDEN OR OTHER USE. THESE 2 APT UNITS ARE FULLY OCCUPIED..

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Commercial Pending

Price

$ 2,200,000

Bedrooms

Studio

Half Bath

6

Property Type

Commercial

Taxes

$ 21,453

Style

Apartment Complex

Lot Size

0.3

Year Built

1890

Town/City

Rahway

County/Region

Union

MLS | Web ID

3837505

Features
General
Sewer Public Sewer
Construction Brick/Block Wood
Heating 4+ Units Forced Hot Air Radiators - Steam See Remarks
Cooling Central Air Window A/C(s)
Utilities Gas In Street
Possession CLOSING
Roof Asphalt Shingle
Zoning com/residenti
Garage Spaces 30
Year Built 1890
Tenant Pays Cable T.V. Electric Heat Hot Water See Remarks
Township Rahway City
Property Type Apartment Complex Restaurant/Bar Apartment Complex
Tax Year 2022
Percent Ownership Fee Simple
Location Business District Freestanding
County Union
Subdivision Name Union County Performing Art
Status Under Contract
Directions St George Ave to West Grand to right onto Irving to left onto Main
Total Units 5
Street Name W Main St
Tax Annual Amount 21453
Drive Blacktop Off-Street Parking Parking Lot-Exclusive
Leasable Area 0
Days on Market 260
Standard Status Under Contract
Tax Assessed Value 93300
Town # 2913
Tax Lot 9
Farm Assessment No
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Interior
Basement Full Unfinished Walkout
Flooring Carpeting Tile Vinyl-Linoleum
Fuel Type Gas-Natural
Total Stories 2
Half Baths 6
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Exterior
Lot Features Stream On Lot Wooded Lot
Water Source Public Water
Exterior Description Vinyl Siding
Building Area Total 0
Lot Dimensions 69X213
Lot Size Acres 0.30
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* Excluded Features
List By
MATTHEW DOBROWOLSKI

Listing Agent

Village Green Realtors

Broker

Affordability Calculator

$17,155
Per Month
90%
10%
0%
Monthly Principal & Interest
$15,368
Monthly Property Taxes
$1,788
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
291163 Elementary School
291353 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/11/2023$2,200,000 Listed Price

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169 W Main St, Rahway, NJ, 07065 is a Commercial Property for sale at $2,200,000 with a lot size of 0.3. 169 W Main St is a studio with 0.6 baths and was built in 1890. The property's zip code is 07065 which is in Rahway, NJ