241-243 Us Highway 206
Property Description
Exceptional opportunity to acquire a highly visible mixed-use property ideally positioned along the heavily traveled Route 206 commercial corridor in Stanhope, NJ. This unique asset offers a compelling blend of stable residential income and flexible commercial/light industrial space well suited for investors, owner-users, or live-work operators. The property features an approximately 3,873 SF building situated on 0.68 acres, boasting an impressive Highway frontage on U.S. Route 206 and parking for up to 15 vehicles, delivering outstanding visibility and consistent daily traffic exposure. The building is comprised of: A 1,248 SF three-bedroom residential apartment, A 2,665 SF commercial/light industrial space, currently utilized for small engine repair, suitable for a wide range of uses. Strategically located just off Interstate 80, the property benefits from excellent accessibility and serves as a prominent first-stop location along the Route 206 corridor. Its positioning offers convenient proximity to key destinations throughout both Sussex County and neighboring Morris County. This mixed-use investment presents strong income-generating potential with flexibility for a user-operator or investor, aligning with both short-term and long-term investment strategies. Please note: The current business is not for sale and will be relocating within Sussex County; however, the owner may consider a leaseback arrangement.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $899,000 |
| No. of Units: | 2 |
| Year Built: | 1948 |
| Lot Size: | 3,873.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $449,500 |
| Property Website | Click Here |
| Number of Bedrooms: | 3 |
| Number of Bathrooms: | 3 |
ID: 3yd-GSMLSNJ-4026035
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