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345 High Street

BURLINGTON, NJ 08016
  • $449,000
  • STATUS: Active
  • ON SITE: 161 Days
  • ID#: NJBL396968
$449,000
  • 0
    BEDS
  • 0.08
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1870
County:

School Information

Elementary School:
High School:
School District:

Description

GREAT LOCATION WITH HIGH VISIBILITY AND POSITIVE MONTHLY CASH FLOW! INVESTORS don+GGt miss out on this AMAZING INCOME-PRODUCING COMMERCIAL OPPORTUNITY! 345 High St. is a well-maintained 3-story commercial building located on a corner lot in the URBAN COMMERCIAL DISTRICT within the thriving community of Downtown Burlington. Boasting 3 STORIES and 5,391 total sq ft. of space.1st Floor is 2,500 sq ft. and is fully TENANT OCCUPIED by an actively running Restaurant, complete with 2 public restrooms and commercial kitchen. Space comes complete with a full inventory list that includes a commercial-grade stove, walk-in refrigerator and fryers, and fully furnished with chairs and tables. Monthly rent offers you, the investor, the potential for rental income of $2,600 GROSS PER MONTH ($36K ANNUALLY)! The remaining two floors offer 2 individual apartment units, both with the possibility to rent them out for rental income. 2nd Floor is a 2 Bedroom, 2 Full Bath apartment boasting 1,800 sq ft of living space, currently owner occupied, and also features wood floors, a combination Dining/Living Room and NEW Eat-in Kitchen with gas appliances and granite countertops. This apartment can be rented out for as much as $1,650/MONTHLY, allowing you to collect a rental income of $19.8K ANNUALLY! The 3rd and final floor is a 2 Bedroom, 1 Full Bath apartment offering 1,000 sq ft. of living space, including a generously sized Bathroom and large Family Room area. Also currently owner occupied, this unit has the potential to be INCOME PRODUCING and can potentially be rented out for as much as $1,200/MONTHLY- that+GGs an additional $14.4/ANNUALLY directly in your pocket! If you do the math between the two apartments, you have the full potential to make a total profit of $34.2/ANNUALLY, that+GGs ON TOP of your existing $36K cash flow from the fully running restaurant you currently will receive- talk about a GREAT INVESTMENT! There is ample parking available for your incoming customers and tenants both on-street and in the town+GGs designated public parking lot found in the rear of the building. This truly is an AWESOME LOCATION with so much opportunity to THRIVE as an established investor. You are located a few blocks away from the Delaware River Waterfront and some of Burlington+GGs top-rated shops and dining establishments. Commuting to and from your location is a breeze and only a few minutes away from all major highway on-ramps including 295 N/S, Rt-130, Rt-38 NJ and PA Turnpike, Delaware Expressway and more. Property is situated in a DENSELY POPULATED area, with a population of over 446K, a 14% GROWTH RATE from 2020! Don+GGt let this amazing INCOME GENERATING opportunity pass you by.

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©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Sail Lake Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-10-22T23:51:28.987.
www.saillakerealty.com/homes/117242730
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345 High Street BURLINGTON, NJ 08016

  • Price: $449,000
  • Status: Active
  • ID#: NJBL396968
0
Beds
0
Baths
0
½ Baths
0.08
Acres
1870
Built
Neighborhood:
Burlington City (20305)
County:
Burlington
Area:
Burlington City (20305)
Elementary School:
Captain James Lawrence E.S.
Middle School:
Wilbur Watts Intermediate School
High School:
Burlington City H.S.
School District:
Burlington City Schools
Property Description
GREAT LOCATION WITH HIGH VISIBILITY AND POSITIVE MONTHLY CASH FLOW! INVESTORS don+GGt miss out on this AMAZING INCOME-PRODUCING COMMERCIAL OPPORTUNITY! 345 High St. is a well-maintained 3-story commercial building located on a corner lot in the URBAN COMMERCIAL DISTRICT within the thriving community of Downtown Burlington. Boasting 3 STORIES and 5,391 total sq ft. of space.1st Floor is 2,500 sq ft. and is fully TENANT OCCUPIED by an actively running Restaurant, complete with 2 public restrooms and commercial kitchen. Space comes complete with a full inventory list that includes a commercial-grade stove, walk-in refrigerator and fryers, and fully furnished with chairs and tables. Monthly rent offers you, the investor, the potential for rental income of $2,600 GROSS PER MONTH ($36K ANNUALLY)! The remaining two floors offer 2 individual apartment units, both with the possibility to rent them out for rental income. 2nd Floor is a 2 Bedroom, 2 Full Bath apartment boasting 1,800 sq ft of living space, currently owner occupied, and also features wood floors, a combination Dining/Living Room and NEW Eat-in Kitchen with gas appliances and granite countertops. This apartment can be rented out for as much as $1,650/MONTHLY, allowing you to collect a rental income of $19.8K ANNUALLY! The 3rd and final floor is a 2 Bedroom, 1 Full Bath apartment offering 1,000 sq ft. of living space, including a generously sized Bathroom and large Family Room area. Also currently owner occupied, this unit has the potential to be INCOME PRODUCING and can potentially be rented out for as much as $1,200/MONTHLY- that+GGs an additional $14.4/ANNUALLY directly in your pocket! If you do the math between the two apartments, you have the full potential to make a total profit of $34.2/ANNUALLY, that+GGs ON TOP of your existing $36K cash flow from the fully running restaurant you currently will receive- talk about a GREAT INVESTMENT! There is ample parking available for your incoming customers and tenants both on-street and in the town+GGs designated public parking lot found in the rear of the building. This truly is an AWESOME LOCATION with so much opportunity to THRIVE as an established investor. You are located a few blocks away from the Delaware River Waterfront and some of Burlington+GGs top-rated shops and dining establishments. Commuting to and from your location is a breeze and only a few minutes away from all major highway on-ramps including 295 N/S, Rt-130, Rt-38 NJ and PA Turnpike, Delaware Expressway and more. Property is situated in a DENSELY POPULATED area, with a population of over 446K, a 14% GROWTH RATE from 2020! Don+GGt let this amazing INCOME GENERATING opportunity pass you by.
Exterior Features

Construction Materials StoneBrick FrontCement Siding Garage YN No Location Type Downtown Lot Features CornerRoad Frontage Parking Features Public Parking Types On StreetParking Lot Riparian Rights YN No Roof Shake View Street Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 5391.00 Cooling Central A/C Exclusions All Personal Property Flooring HardwoodLaminatedCeramic Tile Heating Central Heating YN Yes Inclusions Restaurant Equipment Which includes StoveWalk-In Refridgerator/Fryers And Furnishings (Tables/Chairs). Net Square Feet 5391.00

Property Features

Accessibility Features Other Assessment Year 2020 Association YN No Business Type Restaurant/Bar Central Air YN Yes Cooling Fuel Natural Gas Electric 110 Volts120/240VCircuit BreakersFuses Foundation Details Brick/Mortar Heating Fuel Natural Gas Hot Water Natural Gas Municipality Burlington City Navigable Water YN N New Construction YN No Number Of Units Total 3 Original MLSNumber 304589888559 Ownership Interest Fee Simple Possession Immediate Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 12234.00 Tax Assessment Amount 306000.00 Tax Lot 00018 Utilities Multiple Phone LinesCable Tv Available Vacation Rental YN No Water Source Public Zoning Tc-1

Listing courtesy of Nancy Kowalik Real Estate Group.


©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Sail Lake Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-10-22T23:51:28.987.
 
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