1050 State Rt 23
Wantage Twp, NJ, 07461 $ 629,999
Bedrooms-- Baths-- Sq 3,000 for $629,999 with 3 half baths. This 3,000 square foot property was built in 2021 on a lot size of 3.24.
ATTENTION INVESTORS! Presenting a fabulous, renovated mixed-use property offering exceptional income potential and a 10% CAP RATE. This versatile building features three rental units, including two updated apartments, dedicated office space, and a spacious event/banquet hall area. Flexible configuration allows for potential restaurant or catering use, making this an ideal opportunity for investors, owner-operators, or business owners seeking additional revenue streams. The property has been thoughtfully improved and well maintained, ensuring strong rental appeal and long-term stability. Don't miss your chance to own this high-yield, multi-functional property with countless opportunities for growth and expansion. A must-see for serious investors!
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FeaturesGeneralSewer Septic
Construction Brick/Block
Heating 4+ Units Forced Hot Air Multi-Zone
Cooling 3 Units Ductless Split AC
Utilities Electric
Possession POT
Roof Asphalt Shingle
Zoning Commercial
Garage Spaces 50
Year Built 2021
Township Wantage Twp.
Property Type Mixed Use Office/Apartments MixedUse
Tax Year 2024
Ownership Fee Simple
Location Highway Location Rural Area
Lease Information 1 Year Minimum
Gross Income 92400
County Sussex
Net Operating Income 64455
Operating Expense 27945
Status Active
Directions route 23 in Wantage
Number Of Units Total 4
Tax Annual Amount 9024
Drive Blacktop Off-Street Parking Parking Lot-Exclusive
Leasable Area 1500
Lease Type Other
Standard Status Active
Tax Assessed Value 305600
Town # 2826
Tax Lot 13
Cap Rate 10.20
Farm Assessment No
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InteriorBasement Full Storage Unfinished
Flooring Carpeting Laminate Tile
Fuel Type Oil Tank Above Ground - Outside
Total Stories 2
Half Baths 3
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ExteriorLot Features Lake/Water View Stream On Lot
Water Source Well
Total Parking 50
Exterior Description Brick/Block
Building Area Total 5000
Lot Dimensions 3.24 AC
Lot Size Acres 3.24
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* Excluded FeaturesList ByJEANNETTE BURKEListing Agent
Realty Executives ExceptionalBroker
burke.jeannette@gmail.comEmail
NearbyTrends Information provided by ATTOM Data Solutions.
291163 Elementary School
291353 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 12/13/2025 | $629,999 | | Listed Price |