150 S Main St Phillipsburg, NJ $ 435,000
150 S Main St
$ 435,000
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150 S Main St

Phillipsburg, NJ, 08865
$ 435,000
Bedrooms-- Baths--
150 S Main St, Phillipsburg, NJ 08865 - Image 1
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Property for Rent in Phillipsburg, NJ

for $435,000 with 4 half baths. This property was built in 1939 on a lot size of 0.05.

At the edge of NJ and gateway to the Lehigh Valley, here's a gem on the Main street of this charming river town. Situated in the heart of historic downtown Phillipsburg, near popular themed train rides with city parking out back. Classic fully-equipped restaurant, with 2 income-producing apartments above. Great location, location, location for eatery. This mixed-use property offers excellent potential; two nicely renovated 2 BR apartments above. Restaurant kitchen boasts a 15' hood with Ansul wet-system for fire suppression. 6-burner gas stove, walk-in freezer. Near many more cute shops, Art center, and eateries. Restaurant could rent for $2500/month (now vacant). At this price, buyer is in charge of finishing c/o work (approx $8,k code work). Property has an Interconnected fire alarm - needs a house panel to fully comply to code. Two apartments above should command at least $1600 each. With $2200 lease on first that's over $60,k gross annual rent potential. Nice property with an upside and excellent spot to invest, in historic downtown PBurg! Scenic riverside spot with popular consigner and art center on the block. Walkable to downtown historic Easton PA - a quick stroll across the free bridge lands you in this fabulous LOCATION, brimming with opportunity.

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Rental Active

Price

$ 435,000

Half Bath

4

Taxes

$ 10,958

Style

Restarnt

Lot Size

0.05

Year Built

1939

Town/City

Phillipsburg

County/Region

Warren

MLS | Web ID

4009301

Features
General
Sewer Public Sewer
Construction Brick/Block
Heating Baseboard - Electric Multi-Zone
Cooling Wall A/C Unit(s) Window A/C(s)
Utilities Electric Gas-Natural
Possession negotiable
Roof Flat
Zoning commercial
Year Built 1939
Tenant Pays Electric Gas Heat Hot Water See Remarks Snow Removal
Township Phillipsburg Town
Property Type Mixed Use Restaurant Restaurant/Bar Restarnt
Tax Year 2024
Ownership Fee Simple
Location Business District Freestanding
Lease Information 1 Year Minimum Security Deposit Required
Gross Income 64000
County Warren
Net Operating Income 46000
Operating Expense 18000
Status Active
Directions From Union Square/ Free Bridge - head SE on s. Main St. Property is on right.
Number Of Units Total 3
Tax Annual Amount 10958
Drive Additional Parking Blacktop On-Street Parking Parking Lot-Shared
Leasable Area 0
Lease Type Net
Standard Status Active
Tax Assessed Value 241100
Town # 3019
Tax Lot 3
Cap Rate 9.00
Farm Assessment No
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Interior
Basement Full
Flooring Vinyl-Linoleum
Fuel Type Electric Gas-Natural
Total Stories 3
Half Baths 4
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Exterior
Lot Features Level Lot
Water Source Public Water
Exterior Description Composition Siding
Building Area Total 0
Lot Dimensions .051 ACRE
Lot Size Acres 0.05
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* Excluded Features
List By
ELLEN SHAUGHNESSY

Listing Agent

Free Bridge Realty, Llc

Broker

ellen@freebridgerealty.com

Email

Nearby
291163 Elementary School
291353 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/11/2026$435,000 Listed Price

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150 S Main St, Phillipsburg, NJ, 08865 is a Property for Rent at $435,000 with a lot size of 0.05. 150 S Main St was built in 1939. The property's zip code is 08865 which is in Phillipsburg, NJ