2 Walnut Ln Hope Twp, NJ $ 399,000
2 Walnut Ln
$ 399,000
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2 Walnut Ln

Hope Twp, NJ, 07844
$ 399,000
Baths0.4 Sq 4,352

Monthly Estimate*

$ 2,787

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Studio

Commercial Property for sale in Hope Twp, NJ

for $399,000 with 4 half baths. This 4,352 square foot building was built in 1775 on a lot size of 0.37.

Introducing the Hope Long House, a remarkable investment in the heart of the historic Village of Hope! This fully rented 4-unit commercial building boasts a substantial gross annual income of $58,608. Steeped in history, the Long House has roots dating back to the 1770s when it was originally inhabited by the Moravians. Throughout the years, it has served various purposes, from a confectionary shop to a tinsmith, stove store, post office, residential units, antique stores, and a furniture store. Today, it proudly hosts a retail operation, a health/wellness center, and two commercial offices. Recent renovations, backed by grants totaling over $500,000, have revitalized the building. Upgrades include newer roofing, siding, and interiors, ensuring a modern and appealing space. The property is equipped with a modern septic system and features convenient off-street parking. Strategically located just minutes from Route 80 at Exit 12 and a mere hour from NYC, this investment opportunity offers both historical charm and practical convenience. With potential for a solid 9% ROI, you can capitalize on this chance to own a piece of history. The Long House is not just a lucrative property; it's a significant part of the community in a charming town that hosts events throughout the year. This sale includes the building and property, excluding the businesses currently operating within. Don't miss out on the chance to be the proud owner of the Long House, where history meets profitability!

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Commercial Active

Price

$ 399,000

Bedrooms

Studio

Half Bath

4

Property Type

Commercial

Taxes

$ 9,939

Style

OffcRetl

Lot Size

0.37

Year Built

1775

Town/City

Hope Twp

County/Region

Warren

MLS | Web ID

3881460

Features
General
Sewer Septic
Construction See Remarks Wood
Heating 4+ Units
Cooling 4+ Units Central Air
Utilities Electric Gas-Propane
Possession POT
Roof Slate Wood Shingle
Zoning HMH
Garage Spaces 4
Year Built 1775
Tenant Pays Electric
Township Hope Twp.
Property Type Office/Retail OffcRetl
Tax Year 2023
Percent Ownership Fee Simple
Location Residential Area See Remarks
Gross Income 58608
County Warren
Net Operating Income 99999
Operating Expense 99999
Status Active
Directions Rt 80 to Exit 12. Take 521 South to the center of Hope (blinking light). Left onto High Street building on left on the corner of High and Walnut.
Total Units 4
Street Name Walnut Ln
Tax Annual Amount 9939
Drive 2 Car Width Off-Street Parking On-Street Parking Parking Lot-Exclusive
Leasable Area 4352
Days on Market 101
Standard Status Active
Tax Assessed Value 311200
Town # 3011
Tax Lot 400
Farm Assessment No
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Interior
Basement Partial Storage
Flooring Vinyl-Linoleum Wood
Fuel Type Electric GasPropO
Total Stories 2
Half Baths 4
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Exterior
Lot Features Corner Open Lot
Water Source Shared Well
Total Parking 4
Exterior Description Wood
Building Area Total 4352
Lot Dimensions 195 FF IRR 0.37 AC
Lot Size Acres 0.37
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* Excluded Features
List By
CHRISTOPHER KRUK

Listing Agent

Re/Max Town & Valley Ii

Broker

cjohnkruk@yahoo.com

Email

Affordability Calculator

$3,615
Per Month
77%
23%
0%
Monthly Principal & Interest
$2,787
Monthly Property Taxes
$828
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
4/24/2024$399,000 -6.12% Price Down
1/14/2024$425,000 Listed Price

Map


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2 Walnut Ln, Hope Twp, NJ, 07844 is a Commercial Property for sale at $399,000 with 4,352 sqft and a lot size of 0.37. 2 Walnut Ln is a studio with 0.4 baths and was built in 1775. The property's zip code is 07844 which is in Hope Twp, NJ