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360 Us-46 4,026 SF Retail Building Mountain Lakes, NJ 07046 $1,185,136 CAD ($294.37 CAD/SF)
INVESTMENT HIGHLIGHTS
- Arguably the most visible commercial building in town
- The 2 separate residential rental properties behind this building are occupied and available to a buyer for #360.
- Located on a lighted corner helps make the egress and ingress more flexible and convenient
- NYC Busses run in and out of the city along Rt. 46
EXECUTIVE SUMMARY
Located on Rt. 46 eastbound at the corner of Foxhill Road across from WAWA.
Remarks: This property had been a Veterinary Hospital but in recent years has not been occupied. Many systems in need of update and repair but the location is outstanding with arguably the best visibility in town. It also features being on a corner with a traffic light, good for many uses. The value is in the land but the commercial building is restorable and can be redeveloped or replaced within town requirements. It shares road access with 2 homes behind this building but they are not part of this sale. If a buyer wants to buy them as well as the commercial property, that, too can be arranged. One is a single family rental home the other a 2 family rental home priced at $350,000 and $450,000 respectively. A deeded easement exists for access to parking for both homes using the same egress as the commercial property and as easement is in place across the adjacent property to cross it accessing Rt. 46 East. This is an 'AS IS' sale allowing for a due diligence period only.
Remarks: This property had been a Veterinary Hospital but in recent years has not been occupied. Many systems in need of update and repair but the location is outstanding with arguably the best visibility in town. It also features being on a corner with a traffic light, good for many uses. The value is in the land but the commercial building is restorable and can be redeveloped or replaced within town requirements. It shares road access with 2 homes behind this building but they are not part of this sale. If a buyer wants to buy them as well as the commercial property, that, too can be arranged. One is a single family rental home the other a 2 family rental home priced at $350,000 and $450,000 respectively. A deeded easement exists for access to parking for both homes using the same egress as the commercial property and as easement is in place across the adjacent property to cross it accessing Rt. 46 East. This is an 'AS IS' sale allowing for a due diligence period only.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
4,026 SF
Building Class
C
Year Built
1972
Price
$1,185,136 CAD
Price Per SF
$294.37 CAD
Tenancy
Single
Building Height
2 Stories
Slab To Slab
12’
Building FAR
0.44
Lot Size
0.21 AC
Zoning
B-Business - Zoned B for Business, regulations are in this listing in Documents/Brochures. This has been an Animal Hospital until the 1990s now a new use awaits.
Parking
13 Spaces (3.23 Spaces per 1,000 SF Leased)
Frontage
58’ on Us-46
AMENITIES
- Corner Lot
- Signage
- Fiber Optic Internet
- Smoke Detector
NEARBY MAJOR RETAILERS
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