354 Main St Wharton, NJ 07885-2048

This exceptional investment opportunity in Wharton, NJ, presents a substantial 3,301 square foot commercial property situated on a 0.57-acre lot. The property consists of two fully renovated buildings, representing one of the largest lots in town. Both buildings have undergone complete renovations, including new roofs, kitchens, bathrooms, and updated utilities, minimizing future maintenance costs. Currently, the property generates significant income with four renovated apartments and an office space, each featuring full kitchens and bathrooms. The current annual income exceeds $138,000. Detailed floor plans are available, showcasing the existing configuration and outlining plans for expansion. Partial approvals are in place for adding three additional units to the front building, potentially increasing the unit count to eight and boosting the gross annual income to an estimated $220,000. The property is zoned B-1 (Neighborhood Business District), offering considerable flexibility for future development and use. This prime location and the extensive renovations make this a highly attractive investment with strong potential for long-term growth and substantial returns. The property is priced at $1,650,000.