466 Us-206 Fredon Township, NJ 07860
- Retail properties
- 4.42 lot acres
Current Use by Public Records
- Retail properties
Property Details for 466 Us-206
- Lot size
- 4.42 lot acres
- Property type
- Retail properties
- Property subtype
- Mixed-use properties
Description
This exceptional mixed-use investment opportunity in Fredon Township, NJ, presents a rare chance to acquire a substantial 4.42-acre parcel with significant upside potential. The property boasts four buildings: a two-unit multifamily dwelling, two income-producing commercial storefronts, and a storage shed. All four units are currently 100% occupied, providing immediate cash flow. The property features 20 parking spaces and enjoys high visibility from its prime location on Route 206, a heavily trafficked corridor in Sussex County. The R0.5 zoning permits the construction of additional structures, allowing for expansion and increased revenue generation. The property's value is further enhanced by the proximity to the soon-to-open Andover train station, providing convenient access to NYC and driving future growth. Tenants are responsible for most utilities and maintenance, minimizing owner expenses. This is a turnkey investment with significant potential for future development and appreciation, making it an ideal opportunity for owner-users or investors seeking strong returns. The ample land provides room for expansion, potentially adding a second residential structure or additional storage facilities. This is a unique opportunity to capitalize on a prime location and strong rental income in a rapidly developing area. Asking price: $895,000.
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
- Fredon Township
- County
- Sussex
- State
- New Jersey
- Longitude
- -74.8039
- Latitude
- 41.0462
