306 Union Blvd Totowa Boro, NJ $ 625,000
306 Union Blvd
$ 625,000
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306 Union Blvd

Totowa Boro, NJ, 07512
$ 625,000
Baths0.2 Sq 3,196

Monthly Estimate*

$ 4,366

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Studio

Commercial Property for sale in Totowa Boro, NJ

for $625,000 with 2 half baths. This 3,196 square foot building was built in 1950 on a lot size of 0.16.

A remarkable investment opportunity! An easily noticeable commercial building with a separate, private entrance to a residential apartment on the upper level. Currently occupied by an insurance agency, this one-story structure offers excellent potential for various businesses such as mortgage, medical, or dental services. The building is equipped with handicap accessibility, a reception area with ample natural light, 5 offices, a kitchenette with dining space, a half bathroom, a basement, storage area, a two-car garage, and off-street parking for 7-9 cars. The upper-level apartment consists of one bedroom, one bathroom, an eat-in kitchen, a living room, and off-street parking. Both tenants are on month-to-month lease. Its income potential could be significantly enhanced with the right strategy.

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Commercial Pending

Price

$ 625,000

Bedrooms

Studio

Half Bath

2

Property Type

Commercial

Taxes

$ 11,887

Style

MixedUse

Lot Size

0.16

Year Built

1950

Town/City

Totowa Boro

County/Region

Passaic

MLS | Web ID

3878667

Features
General
Sewer Public Sewer
Construction Brick/Block
Heating 2 Units Forced Hot Air
Cooling 2 Units Central Air
Utilities Electric Gas-Natural
Possession 30-60
Roof Asphalt Shingle
Zoning mix
Garage Spaces 9
Year Built 1950
Township Totowa Boro
Property Type Mixed Use MixedUse
Tax Year 2022
Percent Ownership Fee Simple
Location Business District
Gross Income 46224
County Passaic
Net Operating Income 30611
Operating Expense 15613
Status Under Contract
Directions Rte 46 to Union Ave
Total Units 2
Street Name Union Blvd
Tax Annual Amount 11887
Drive Additional Parking Blacktop Off-Street Parking
Leasable Area 0
Days on Market 38
Standard Status Under Contract
Tax Assessed Value 487600
Town # 2512
Tax Lot 3
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Interior
Basement Unfinished
Fuel Type Electric Gas-Natural
Total Stories 2
Half Baths 2
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Exterior
Water Source Public Water
Total Parking 9
Exterior Description Vinyl Siding
Building Area Total 3196
Lot Dimensions 55X125
Lot Size Acres 0.16
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* Excluded Features
List By
VERONICA P DABLE

Listing Agent

Coldwell Banker Realty

Broker

Affordability Calculator

$5,356
Per Month
82%
18%
0%
Monthly Principal & Interest
$4,366
Monthly Property Taxes
$991
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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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
291163 Elementary School
291353 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/17/2024$625,000 -8.09% Price Down
12/18/2023$680,000 Listed Price

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306 Union Blvd, Totowa Boro, NJ, 07512 is a Commercial Property for sale at $625,000 with 3,196 sqft and a lot size of 0.16. 306 Union Blvd is a studio with 0.2 baths and was built in 1950. The property's zip code is 07512 which is in Totowa Boro, NJ