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Glenn R Schechter

Broker - Sales Manager

  • Office 973-827-6767
  • Cell 973-445-8642
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102-104 Rt 15, Lafayette Twp., NJ – $1,050,000

  • $1.1M Price
  • 8,192 Sqft
  • ½ Acres
  • 360 DOM
  • $1.1M Price
  • 8,192 Sqft
  • ½ Acres
  • 360 DOM

102-104 Rt 15

Welcome to Lafayette & this 3 building downtown complex which is consistently profitable at an impressively high level. Green bldg (102) has 3 retail stores plus 2-1BR & 1-2BR apts. Beige bldg (104) has 2 retail stores (1 is huge) plus 1-2BR apt. Detached stucco rental house (13 Meadows) is 2BR. Constant, fully paid occupancy for retail & apts with waiting list. Cooperative retail arrangement allows store lessees to let space to multiple vendors/artists; everyone is happy and viable. Lots of on & off street parking in this busy crossroads area known for high foot traffic and heavy state highway vehicle count. All the buildings have newer roofs, furnaces, utilities, etc., which, combined with rock-solid financials, will appeal to both investors & owner-occupants. Due diligence will convert interest to offers!

Essential Information

  • MLS® #3468114
  • Price$1,050,000
  • Square Footage8,192
  • Acres0.50
  • Year Built1850
  • TypeCommercial
  • StatusActive

Community Information

  • Address102-104 Rt 15
  • SubdivisionHeart of historic Lafayet
  • CityLafayette Twp.
  • CountySussex
  • StateNJ
  • Zip Code07848-2407

Amenities

  • UtilitiesElectric, Gas-Propane

Parking

Off-Street Parking, On-Street Parking

Interior

  • Has BasementYes
  • BasementPartial, Unfinished, Walkout
  • # of Stories3

Heating

Electric, Gas-Propane Leased, Oil Tank Above Ground - Inside

Exterior

  • ExteriorWood
  • RoofAsphalt Shingle

Additional Information

  • Date ListedMay 7th, 2018
  • Days on Market360
  • ZoningRO1

Listing Details

  • OfficeWEICHERT REALTORS
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WEICHERT REALTORS.

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Listing information last updated on June 25th, 2019 at 7:48am EDT.