Property profile

1212 Route31 Lebanon, NJ 08833

OFF-MARKET
Mixed-use properties
2,080 SF 1.35 ac lot Built 1939
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Property summary

AI-generated overview

This exceptional mixed-use property presents a compelling investment opportunity in the heart of Lebanon, NJ. Situated on a 1.35-acre lot with convenient Route 31 access, the property boasts a charming, yet needing TLC, pre-existing Colonial-style wood-frame home. This 2,080 square foot residence features three bedrooms, two full bathrooms, a living room, dining room, kitchen, sunroom, and an enclosed porch. An attached 21ft x 12ft carport provides covered parking. Adjacent to the home is a substantial 2,796 square foot wood-frame building, previously operating as an auto body shop. This building includes two front bays, a rear paint booth bay, three offices, a bathroom, and a small break area. Further enhancing the property's versatility are three additional structures: a Quonset hut and two metal sheds, one measuring 1,014 square feet and the other 1,003 square feet. Ample parking is available with over ten spaces in the existing lot, plus additional space at the rear. The property is zoned C1 Commercial, allowing for multiple uses. This unique combination of residential and commercial space offers significant potential for a variety of business ventures and investment strategies. The property is being sold as-is.

Property profile

Verified
Property type Mixed-use properties
Year built 1939
Total area 2,080 SF
Lot 1.35 ac (58,806 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1212 Route31 Lebanon, NJ 08833
Lebanon metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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