BEDS3
BATHS2 full 1 partial
MLS#4026035
STATUS
PROPERTY TYPEMulti Unit - Multiple
Property Description
Exceptional opportunity to acquire a highly visible mixed-use property ideally positioned along the heavily traveled Route 206 commercial corridor in Stanhope, NJ. This unique asset offers a compelling blend of stable residential income and flexible commercial/light industrial space well suited for investors, owner-users, or live-work operators. The property features an approximately 3,873 SF building situated on 0.68 acres, boasting an impressive Highway frontage on U.S. Route 206 and parking for up to 15 vehicles, delivering outstanding visibility and consistent daily traffic exposure. The building is comprised of: A 1,248 SF three-bedroom residential apartment, A 2,665 SF commercial/light industrial space, currently utilized for small engine repair, suitable for a wide range of uses. Strategically located just off Interstate 80, the property benefits from excellent accessibility and serves as a prominent first-stop location along the Route 206 corridor. Its positioning offers convenient proximity to key destinations throughout both Sussex County and neighboring Morris County. This mixed-use investment presents strong income-generating potential with flexibility for a user-operator or investor, aligning with both short-term and long-term investment strategies. Please note: The current business is not for sale and will be relocating within Sussex County; however, the owner may consider a leaseback arrangement.
Property Features
Property Type: Multi Unit - Multiple
Basement: Unfinished
Basement: Yes
Cooling: 1 Unit
Fuel Type: Oil Tank Above Ground - Inside
Garage: 2
Heating: 1 Unit, Baseboard - Hotwater
Lot Size: 0.69 Acres
Roof Type: Asphalt Shingle, See Remarks
Taxes: $12,046
Year Built: 1948
Feature Descriptions
Days on Site: 1
Lot: Irregular Lot
Lot Dimensions: 0.69 acre(s)
Parking Notes: See Remarks
Sewer: Public Sewer
Utilities: Electric
Water: Public Water
Listed By / Shown By
Listed By
Agency Name: REALTY EXECUTIVES EXCEPTIONAL
Agency Contact: 973-557-7824
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0400
Estimate Your Payment
Estimated Payment
$ 3,266.83 per month $2,000.78 Principal & Interest $1,003.83 Property Tax $262.21 Homeowner's InsuranceChange Payment Information
241 Us Highway 206 | MLS# 4026035
This multi-family property located at 241 Us Highway 206, Stanhope, NJ 07874 is currently listed for sale with an asking price of $899,000. Search Stanhope real estate on www.realtymark.net today.