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2786 Rt 23 Hardyston, NJ 07460

For Sale
$489,000

High-yield, 2700 sq ft, Route 23 location.

Property size:
2,700 SF

Description

Added:
Feb 3, 2025
Days on Market:
309
This exceptional commercial property, located at 2786 Route 23 in Hardyston, NJ, presents a compelling investment opportunity. The 2,700 square foot building sits on a 0.46-acre lot and is currently generating income with an existing tenant, projecting a 6% capitalization rate. Its prime location on the heavily trafficked State Route 23 ensures high visibility and accessibility, crucial for attracting and retaining tenants. The property's current configuration offers immediate cash flow, while its size and layout provide the potential for future expansion or diversification through multi-tenant strategies. This turnkey investment is ideal for those seeking a stable, high-yield asset in a thriving commercial corridor. The property's strategic location on Route 23 offers significant advantages for businesses seeking high traffic exposure. The existing tenant provides immediate return on investment, while the potential for multi-tenant occupancy allows for future growth and increased profitability. This presents a rare opportunity to acquire a well-positioned commercial property with proven income generation and significant upside potential in a desirable New Jersey location. The 0.46-acre lot offers ample space for potential future development or expansion. This is a truly exceptional opportunity for investors seeking a stable and profitable commercial investment.

Property Features for 2786 Rt 23

General Information

Property type
Other commercial real estate
Square Feet
2,700 SF
Lot Size
20,038 SF

Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Map

City
Hardyston
County
Sussex
State
New Jersey
Longitude
-74.52428
Latitude
41.09177

FAQs

What type of property is this?
Commercial real estate - High-yield, 2700 sq ft, Route 23 location.
Where is this commercial real estate located?
The property is located at 2786 Rt 23 Hardyston, NJ.
What is the asking price?
The asking price for this property is $489,000.
More about this property
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