271 Old Croton Rd, Flemington, NJ 08822

$899,900
9
BD
3
BA
4,201
SqFt

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List Price
$899,900
Price Change
▼ $100,000 1781500193
Days on Market
74
Status
ACTIVE
MLS#
NJHT2004956
Bedrooms
9
Bathrooms
3
Full Baths
3
Living Area
4,201
Lot Size (Acres)
3.3
Style
Traditional
Year Built
1836
County
Hunterdon
School District
Hunterdon Central Regiona Schools

Property Description

Unique Mixed-Use Investment Opportunity situated on approximately 3.3 acres featuring five separate structures with strong income and value-add potential. This diverse property offers a rare combination of residential, commercial, storage, and garage space ideal for an investor, contractor, or entrepreneur seeking multiple streams of income. The property includes a Twin Duplex with one 2-bedroom unit and one 3-bedroom unit, both with front and rear entrances and occupied by long-term tenants. An additional former General Store building offers nostalgic character with a main level retail/display area and second-floor storage space, presenting future redevelopment or business possibilities. Also located on the site is a freestanding restaurant building currently operating as a Mexican restaurant featuring a full commercial kitchen, take-out area, and indoor dining space. Additional improvements include a detached 3-car garage and a separate Ranch-style residence offering 4 bedrooms, 1 full bathrooms, vaulted ceilings, attached 2-car garage with workspace/storage, and an outdoor entertainment area complete with a U-shaped bar and grill space. The property is in need of repairs and updating throughout. However, the combination of residential rentals, commercial usage, garage/storage space, and future upside creates an excellent opportunity for the right buyer to renovate, increase income potential, and build long-term equity. Rare opportunity with flexibility and substantial potential for redevelopment or continued mixed-use operation.

Additional Information

Area
Raritan Twp (21021)
Subdivision
None Available
Taxes
$20830
Interior Features
Bathroom - Stall Shower, Bathroom - Tub Shower, Ceiling Fan(s), Dining Area, Floor Plan - Open, Kitchen - Eat-In, Wood Floors
School District
Hunterdon Central Regiona Schools
Garage
Yes
Garage Spaces
5
Exterior Features
Exterior Lighting
Heating
Hot Water
Heating Fuel
Natural Gas
Cooling
Ceiling Fan(s), Window Unit(s)
Roof
Shingle
Water
Well-Shared
Sewer
On Site Septic
Basement
Yes

Mortgage Calculator

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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Homestarr Realty. Contact: 2153555565