925 Nj-23 Pequannock Township, NJ 07444
- Mixed-use properties
- 1,500 SF
Current Use by Public Records
- Mixed-use properties
Property Details for 925 Nj-23
- Property size
- 1,500 SF
- Property type
- Mixed-use properties
Description
This mixed-use property, located at 925 NJ-23 in Pequannock Township, Morris County, New Jersey (zip code 07444), presents a compelling investment opportunity. The property boasts 1,920 square feet and sits on a highly visible cul-de-sac location with 195 feet of frontage on Route 23 South. Currently operating as a photography studio, the property includes a main house featuring three bedrooms and one and a half bathrooms. The building is classified as Class C and offers a strong 7.00% capitalization rate with 100% occupancy. The asking price is $895,000. This prime location along the Route 23 corridor offers a diverse range of businesses and redevelopment potential. The property benefits from its high visibility and convenient access to Route 23, a major thoroughfare. Importantly, the property is situated in a non-flood zone, adding to its desirability. This mixed-use property is ideal for investors seeking a strong return and a versatile location in a thriving area of New Jersey. The property's current configuration and location provide a solid foundation for continued success or future redevelopment.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pequannock Township
- County
- Morris
- State
- New Jersey
- Longitude
- -74.3011
- Latitude
- 40.9809
