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102-104 Route 15

Lafayette, NJ 07848

$1,050,000

Storefront Retail Residential For Sale  •  8,192 Sq Ft

Property Details

  • Property Type Storefront Retail Residential
  • Total Building Size 8,192 Sq Ft
  • Lot Size 0.5 ac
  • Building Class C
  • Year Built 1850
  • Cap Rate 9.05 %
  • Tenancy Multiple
  • Zoning RO (retail office) 1
0 Transit Score
24 Walk Score

Description

Welcome to Lafayette & this Mixed Use, 3 Building Downtown Complex.  Consistently Profitable and Fully Rented (with Waiting List!)
Features:  4 Retail Units, 4 Apartments, and 1 Single Family Home
Plenty of On & Off Street Parking with High Foot Traffic in Lafayette's Well Known Antique Hub 
All the Buildings have Newer Roofs, Furnaces, Utilities, etc., as well as rock-solid financials... This will appeal to both Investors & Owner-Occupants.

Highlights

Lafayette is a Well-Known Walkable Shopping Destination!
It's Quaint Downtown is Antique and Craft Focused with Cafe, Bake Shop, and Many Vendors!
This 3 Building, Mixed Use Property is a Money Maker!

Property Flyers

Financial Summary (Actual)

Net Operating Income: $92,518 (2018)
Cap Rate: 9.05 %
Total Expenses: $36,482
Robert Dolan 973-827-8899 Weichert Realtors
Robert Dolan 973-827-8899 Weichert Realtors