Commercial Real Estate for Sale at 1508 Front St in Scotch Plains Twp., NJ for $1,200,000

1508 Front St | Scotch Plains Twp.

$1,200,000 | 2 Baths (2 Half) | 3,800 Sq. Ft.

This property was previously used as a construction and overhead garage company for many years. The lot behind the main building is approximately 70' x 140'. In addition, there is a second building on the property facing 111 Terrill Road, currently leased to Rita's Ice and Subway, providing steady rental income. The Front Street building offers approximately 1,200 sq. ft. of office space, along with a 600 sq. ft. garage ideal for running your own business while benefiting from two existing income-producing tenants to help offset the mortgage. The property is zoned B-2, and the owner may assist in pursuing a variance for alternative uses if desired. Located in an X Flood Zone, no flood insurance is required. . If approved, the lot could generate an estimated $5,000 per month in additional income with a use variance . The owner may be willing to contribute toward the cost of obtaining such a variance, depending on the variance. GSMLS 3989241

Directions to property: Terrill Road to Front street

MLS Listing ID: 
GSMLS 3989241
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: 
$1,200,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Primary Market Area: 
Scotch Plains Twp.
Address: 
1508 Front St, Scotch Plains Twp., NJ 07076-1131, U.S.A.
County: 
Union
Latitude: 
40.6433300
Longitude: 
-74.4056200
Directions: 
Terrill Road to Front street
Public Remarks: 
This property was previously used as a construction and overhead garage company for many years. The lot behind the main building is approximately 70' x 140'. In addition, there is a second building on the property facing 111 Terrill Road, currently leased to Rita's Ice and Subway, providing steady rental income. The Front Street building offers approximately 1,200 sq. ft. of office space, along with a 600 sq. ft. garage ideal for running your own business while benefiting from two existing income-producing tenants to help offset the mortgage. The property is zoned B-2, and the owner may assist in pursuing a variance for alternative uses if desired. Located in an X Flood Zone, no flood insurance is required. . If approved, the lot could generate an estimated $5,000 per month in additional income with a use variance . The owner may be willing to contribute toward the cost of obtaining such a variance, depending on the variance.
Building Details
Details about the building on a property.
Living Area: 
3,800
Construction
Energy Information: 
Electric, Gas-Natural
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
2
Total Full-Bathrooms: 
0
Total Half-Bathrooms: 
2
Utilities
Information about utilities available on the property.
Heating System: 
4+ Units
Heating System Fuel: 
Gas-Natural
Cooling System: 
3 Units
Water Source: 
Public Water
Sewer: 
Public Sewer
Lot Features
Driveway: 
Gravel
Parking Type: 
Gravel
Garage: 
Attached Garage
Public Record
Parcel Number: 
2916-00201-0000-00023-0001-
Property Zoning: 
B-2
Contract Details
Details about the listing contract.
Possession: 
immediate
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
ERA SUBURB REALTY

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