Commercial Real Estate for Sale at 55 Watchung Ave in Belleville Twp., NJ for $2,000,000

55 Watchung Ave | Belleville Twp.

$2,000,000 | 2,700 Sq. Ft.

This newly commercial building presents a rare investment opportunity in the Belleville's sought-after market. With its combination of modern finishes, strong occupancy, thoughtful amenities, and a prime location, it is ideally suited for investors seeking a hassle-free, income-producing asset with significant long-term potential. Built in 2020, this impressive property features 6 rental units, three 2-bedrooms/2-bath apartments and three 1-bedroom/1-bath apartments. Each unit has been thoughtfully designed with high-quality stainless-steel appliances, modern cabinetry, and beautiful hardwood flooring throughout, creating a stylish and inviting living space that tenants appreciate. Including 14 parking spaces, assigned storage units, lawn sprinkler system, and security system. With in-unit laundry facilities and an easy access move-in ramp. Outdoor living is a highlight with a shared patio area featuring a cozy fire pit. It is just a short walk to shopping center, retails, dining, and the Grove Street Train Station, providing easy public transit access for commuters. Additionally, a nearby park adds recreational value, enhancing the overall lifestyle appeal for tenants. Don't miss the chance to add this exceptional property to your portfolio. GSMLS 3970110

Directions to property: Belmont Ave to Cross St to Watchung Ave

MLS Listing ID: 
GSMLS 3970110
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Status (Local): 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$2,000,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Primary Market Area: 
Belleville Twp.
Address: 
55 Watchung Ave, Belleville Twp., NJ 07109-1113, U.S.A.
County: 
Essex
Latitude: 
40.7817700
Longitude: 
-74.1781100
Directions: 
Belmont Ave to Cross St to Watchung Ave
Public Remarks: 
This newly commercial building presents a rare investment opportunity in the Belleville's sought-after market. With its combination of modern finishes, strong occupancy, thoughtful amenities, and a prime location, it is ideally suited for investors seeking a hassle-free, income-producing asset with significant long-term potential. Built in 2020, this impressive property features 6 rental units, three 2-bedrooms/2-bath apartments and three 1-bedroom/1-bath apartments. Each unit has been thoughtfully designed with high-quality stainless-steel appliances, modern cabinetry, and beautiful hardwood flooring throughout, creating a stylish and inviting living space that tenants appreciate. Including 14 parking spaces, assigned storage units, lawn sprinkler system, and security system. With in-unit laundry facilities and an easy access move-in ramp. Outdoor living is a highlight with a shared patio area featuring a cozy fire pit. It is just a short walk to shopping center, retails, dining, and the Grove Street Train Station, providing easy public transit access for commuters. Additionally, a nearby park adds recreational value, enhancing the overall lifestyle appeal for tenants. Don't miss the chance to add this exceptional property to your portfolio.
Building Details
Details about the building on a property.
Stories: 
2
Year Built: 
2020
Living Area: 
2,700
Construction
Construction Materials: 
See Remarks
Roof: 
See Remarks
Energy Information: 
Electric, Gas-Natural
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
0
Total Half-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Forced Hot Air
Heating System Fuel: 
Electric, Gas-Natural
Cooling System: 
Central Air
Water Source: 
Public Water
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.24
Lot Size (Dimensions): 
100.03 X 104
Waterfront: 
0
Lot Features
Driveway: 
Assigned, Blacktop, Off-Street Parking
Parking Type: 
Assigned, Blacktop, Off-Street Parking
Public Record
Parcel Number: 
1601-02101-0000-00019-0001-
Lot Number: 
19.01
Annual Tax: 
$48,396.00
Property Zoning: 
Residential
Contract Details
Details about the listing contract.
Possession: 
At Closing
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
UNITED REAL ESTATE

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