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948 Alexander Road

PRINCETON JUNCTION, NJ 08550
  • $1,100,000
  • STATUS: Active
  • ON SITE: 28 Days
  • MLS #: NJME2039160
Price Reduced
UPDATED: 198 min ago
$1,100,000
  • 0
    BEDS
  • 0.21
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1960
County:

School Information

Middle School:
High School:

Description

Prime investment opportunity. Business on 1st ground floor & apt on 2nd. It+GGs zoned residential but has a variance for the business. Building is 3600 sq ft. Located between Scott & Berian Ave+GGs; Restaurant is Brothers. $2500 X 12 mos upper = $30,000 and $1,182 X 52 wks Brothers =$61,464 Total $91,464. Second floor has 3 bedrooms, a very large one in rear, approx. 20 x 25 w cathedral ceiling, w a 20+GG X 12+GG deck w entrance from a pleasant back yard. Bedrooms towards the front approx 13+GG X 14+GG & 12+GG X 12+GG. Apartment boasts a large open concept living / kitchen area. Front bath has new tile, floors and windows less than 5 yrs old and new carpet. Place could easily be 2 lg studios. Please see Living area pic & large rear bedroom. Brothers lease has the remainder of a 5 yr & two more 5 year options.2 blocks to NY/ Philly train station. No business allowed between Alexander circle to Rte 571 Princeton Heightstown Road. Property is the only preexisting nonconforming for apt, restaurant/ bakery. Property is very near where West Windsor is planning to create a town center. Landlord pays taxes $12,000 yr and water sewer $2700 yr. Restaurant owns equip.

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©2024 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: 2024-02-27T23:53:22.15.
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948 Alexander Road PRINCETON JUNCTION, NJ 08550

  • Price: $1,100,000
  • Status: Active
  • On Site: 28 Days
  • Updated: 198 min ago
  • MLS #: NJME2039160
0
Beds
0
Baths
0
½ Baths
0.21
Acres
1960
Built
Neighborhood:
West Windsor Twp (21113)
County:
Mercer
Area:
West Windsor Twp (21113)
Middle School:
Grover
High School:
High School South
School District:
West Windsor-Plainsboro Regional
Property Description
Prime investment opportunity. Business on 1st ground floor & apt on 2nd. It+GGs zoned residential but has a variance for the business. Building is 3600 sq ft. Located between Scott & Berian Ave+GGs; Restaurant is Brothers. $2500 X 12 mos upper = $30,000 and $1,182 X 52 wks Brothers =$61,464 Total $91,464. Second floor has 3 bedrooms, a very large one in rear, approx. 20 x 25 w cathedral ceiling, w a 20+GG X 12+GG deck w entrance from a pleasant back yard. Bedrooms towards the front approx 13+GG X 14+GG & 12+GG X 12+GG. Apartment boasts a large open concept living / kitchen area. Front bath has new tile, floors and windows less than 5 yrs old and new carpet. Place could easily be 2 lg studios. Please see Living area pic & large rear bedroom. Brothers lease has the remainder of a 5 yr & two more 5 year options.2 blocks to NY/ Philly train station. No business allowed between Alexander circle to Rte 571 Princeton Heightstown Road. Property is the only preexisting nonconforming for apt, restaurant/ bakery. Property is very near where West Windsor is planning to create a town center. Landlord pays taxes $12,000 yr and water sewer $2700 yr. Restaurant owns equip.
Exterior Features

Construction Materials CombinationOther Garage YN No Parking Types Parking LotDrivewayOther Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 3600.00 Cooling Central A/C Heating Forced Air Heating YN Yes Net Square Feet 3600.00

Property Features

Acceptable Financing CashConventional Accessibility Features None Assessment Year 2022 Business Type Restaurant/BarApartment Building Central Air YN Yes Cooling Fuel Natural Gas Cross Street Scott Heating Fuel Natural Gas Hot Water Natural Gas Lease Considered YN No Municipality WEST WINDSOR TWP Navigable Water YN N New Construction YN No Number Of Units Total 0 Original MLSNumber 802840087816 Owner Pays SewerWater Ownership Interest Fee Simple Possession Settlement Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 12660.00 Tax Assessment Amount 439600.00 Tax Lot 00005 Total Actual Rent 91464.00 Transportation Commuter Rail Station less than 1 mile Vacation Rental YN No Water Source Public Year Built Effective 1978 Zoning COMMERCIAL Zoning Description R-1A

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©2024 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: 2024-02-27T23:53:22.15.
 
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