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4585-4587-4587 Route 27

KINGSTON, NJ 08528
  • $4,200,000
  • STATUS: Active
  • ON SITE: 71 Days
  • MLS #: NJSO2001626
UPDATED: 23 min ago
$4,200,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Business Opportunity
Built:
1988
County:

School Ratings & Info

Description

ONCE IN A LIFETIME INVESTMENT OPPORTUNITY! The perfect blend of commercial andresidential real estate. These 3 impeccably maintained properties are fully rented and locatedjust 5 minutes from Princeton in the picturesque downtown Kingston with its newly reinventeddining scene. This property will provide income, depreciation, equity, appreciation and leverage.This property includes a restaurant and an adjoining mixed-use building, a 4-unitapartment building and the private 24-spot parking lot that joins them. Yes, 3 of the mostcentrally located buildings situated around the largest parking area in town - aninvestor+GGs dream scenario! The thriving market/restaurant is renovated with casual,industrial flair. Durable wood-look tile runs all the way through the fully-equipped kitchenwith walk-in cooler and storage. Next door, alfresco seating under a pergola spreads outin front of a charming building with a full apartment upstairs and the opportunity forprivate dining or meeting space below. Both levels are beautifully maintained andstylishly up-to-date. A rear patio and deck offer even more outdoor space. There isplenty of easy parking for restaurant patrons, employees and tenants of the separateapartment building. All 4 occupied units have similarly sized interiors with 2 bedroomsand their own laundry. Granite, modern cabinetry and wood-grain tile are attractivefeatures. The rear unit is especially desirable thanks to a large, fenced-in patio. Incomewill be coming in from day one with these rented/leased buildings!

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©2022 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 eXp 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: 2022-10-05T23:51:30.463.
www.sellwithsikora.com/homes/131272266
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4585-4587-4587 Route 27 KINGSTON, NJ 08528

  • Price: $4,200,000
  • Status: Active
  • On Site: 71 Days
  • Updated: 23 min ago
  • MLS #: NJSO2001626
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1988
Built
Neighborhood:
Franklin Twp (21808)
County:
Somerset
Area:
Franklin Twp (21808)
School District:
Franklin Township Public Schools
Property Description
ONCE IN A LIFETIME INVESTMENT OPPORTUNITY! The perfect blend of commercial andresidential real estate. These 3 impeccably maintained properties are fully rented and locatedjust 5 minutes from Princeton in the picturesque downtown Kingston with its newly reinventeddining scene. This property will provide income, depreciation, equity, appreciation and leverage.This property includes a restaurant and an adjoining mixed-use building, a 4-unitapartment building and the private 24-spot parking lot that joins them. Yes, 3 of the mostcentrally located buildings situated around the largest parking area in town - aninvestor+GGs dream scenario! The thriving market/restaurant is renovated with casual,industrial flair. Durable wood-look tile runs all the way through the fully-equipped kitchenwith walk-in cooler and storage. Next door, alfresco seating under a pergola spreads outin front of a charming building with a full apartment upstairs and the opportunity forprivate dining or meeting space below. Both levels are beautifully maintained andstylishly up-to-date. A rear patio and deck offer even more outdoor space. There isplenty of easy parking for restaurant patrons, employees and tenants of the separateapartment building. All 4 occupied units have similarly sized interiors with 2 bedroomsand their own laundry. Granite, modern cabinetry and wood-grain tile are attractivefeatures. The rear unit is especially desirable thanks to a large, fenced-in patio. Incomewill be coming in from day one with these rented/leased buildings!
Exterior Features

Construction Materials Frame Garage YN No Parking Types Parking Lot Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 0.00 Heating Central Heating YN Yes

Property Features

Accessibility Features None Assessment Year 2021 Business Type Apartment BuildingRestaurant/Bar Central Air YN No Current Use ApartmentsRestaurant Heating Fuel Natural Gas Hot Water Natural Gas Municipality Franklin Twp Navigable Water YN N New Construction YN No Original MLSNumber 801763901744 Ownership Interest Other Possession Settlement Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 0.00 Tax Assessment Amount 764000.00 Tax Lot 00016 01 Vacation Rental YN No Water Source Public Zoning Nbh

Listing courtesy of Callaway Henderson Sotheby's Int'l-Princeton: .


©2022 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 eXp 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: 2022-10-05T23:51:30.463.
 
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eXp Realty
28 Valley Rd Suite 1
Montclair NJ, 07042