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$ 1,399,000
Est. payment | /mo
4,999 SqFt
$ 1,399,000
Est. payment | /mo
4,999 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 4,999 sqft
Price per Sqft $279
MLS Listing ID 4036363
Year Built 1920
Annual Tax Amount $23,264
Tax Year 2025
Lot Size 4,791 Sqft
Property Sub-Type Mixed Use
Property Description
Presenting very unique opportunity with this mixed-use development at 600 Chestnut Street in the heart of Roselle Park, New Jersey situated directly across from the NJ Transit Roselle Park Station on the (Raritan Valley Line, 2 stops to Newark Penn & NY Penn Station. NJ Transit Bus 113 directly to the Port Authority Bus Terminal in Midtown Manhattan. This is not merely convenient it is a fundamental value driver for both the residential and commercial components of this property.. This 5-unit portfolio combines residential income with significant commercial build-out upside. Two 3bedrooms apartments & 3 commercial Units. Making it one of the most strategically positioned investment properties currently available in Union County. This property offers a developer, investor, or owner-occupant the unique ability to create their own vision for the 5 units customizing layouts, finishes, and residential and commercial tenant mix to maximize long-term returns.At full stabilization, this property has the potential to generate $200,000 - $240,000 in gross annual income a compelling return profile for an asset located steps from one of New Jersey Train Stations. Minutes away from Robert Gordon Elementary School, Roselle Park Middle School, and Roselle Park High Schools.
Location
State NJ
County Union
Zoning Commercial
Rooms
Basement Full, Unfinished, Walkout
Interior
Heating Gas-Natural
Cooling See Remarks
Flooring Concrete, Laminate
Equipment Smoke Detector
Heat Source Gas-Natural
Exterior
Exterior Feature Brick/Block, Wood
Garage Spaces 1.0
Utilities Available All Underground
Roof Type Asphalt Shingle, Flat
Building
Lot Description Corner
Story 2
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple
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