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2 Walnut Ln

Hope Twp., NJ 07844
  • $399,000
  • STATUS: Active
  • ON SITE: 135 Days
  • ID#: 3881460
UPDATED: 98 min ago
$399,000
  • 0
    BEDS
  • 0.37
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,352
    SQFT
  • $92
    $/SQFT
Type:
Commercial
Built:
1775
County:
Area:

School Ratings & Info

Description

Introducing the Hope Long House, a remarkable investment in the heart of the historic Village of Hope! This fully rented 4-unit commercial building boasts a substantial gross annual income of $58,608. Steeped in history, the Long House has roots dating back to the 1770s when it was originally inhabited by the Moravians. Throughout the years, it has served various purposes, from a confectionary shop to a tinsmith, stove store, post office, residential units, antique stores, and a furniture store. Today, it proudly hosts a retail operation, a health/wellness center, and two commercial offices. Recent renovations, backed by grants totaling over $500,000, have revitalized the building. Upgrades include newer roofing, siding, and interiors, ensuring a modern and appealing space. The property is equipped with a modern septic system and features convenient off-street parking. Strategically located just minutes from Route 80 at Exit 12 and a mere hour from NYC, this investment opportunity offers both historical charm and practical convenience. With potential for a solid 9% ROI, you can capitalize on this chance to own a piece of history. The Long House is not just a lucrative property; it's a significant part of the community in a charming town that hosts events throughout the year. This sale includes the building and property, excluding the businesses currently operating within. Don't miss out on the chance to be the proud owner of the Long House, where history meets profitability!

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Garden State MLS logo © 2024 Garden State Multiple Listing Service, LLC. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty LLC. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than eXp Realty LLC are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-05-29T08:46:37.42.
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2 Walnut Ln Hope Twp., NJ 07844

  • Price: $399,000
  • Status: Active
  • On Site: 135 Days
  • Updated: 98 min ago
  • ID#: 3881460
0
Beds
0
Baths
0
½ Baths
0.37
Acres
4,352
SQFT
$92
$/SQFT
1775
Built
County:
Warren
Area:
Hope Twp.
Property Description
Introducing the Hope Long House, a remarkable investment in the heart of the historic Village of Hope! This fully rented 4-unit commercial building boasts a substantial gross annual income of $58,608. Steeped in history, the Long House has roots dating back to the 1770s when it was originally inhabited by the Moravians. Throughout the years, it has served various purposes, from a confectionary shop to a tinsmith, stove store, post office, residential units, antique stores, and a furniture store. Today, it proudly hosts a retail operation, a health/wellness center, and two commercial offices. Recent renovations, backed by grants totaling over $500,000, have revitalized the building. Upgrades include newer roofing, siding, and interiors, ensuring a modern and appealing space. The property is equipped with a modern septic system and features convenient off-street parking. Strategically located just minutes from Route 80 at Exit 12 and a mere hour from NYC, this investment opportunity offers both historical charm and practical convenience. With potential for a solid 9% ROI, you can capitalize on this chance to own a piece of history. The Long House is not just a lucrative property; it's a significant part of the community in a charming town that hosts events throughout the year. This sale includes the building and property, excluding the businesses currently operating within. Don't miss out on the chance to be the proud owner of the Long House, where history meets profitability!
Exterior Features

Approximate Lot Size 195 FF IRR 0.37 AC Available Parking Spaces 4 Construction See RemarksWood Exterior Description Wood Location Residential AreaSee Remarks Lot Description CornerOpen Lot Number Of Bays 0 Number Of Docks 0 Parking Driveway Description 2 Car WidthOff-Street ParkingOn-Street ParkingParking Lot-Exclusive Roof Description SlateWood Shingle

Interior Features

Basement Yes Basement Description PartialStorage Cooling 4+ UnitsCentral Air Equipment Available Restrooms - PrivateSmoke DetectorStorage Area(s) Floors Vinyl-LinoleumWood Heating 4+ Units Max Ceiling Height 0 Max Door Height 0 Number Of Lavatories 4 Office Sq Ft 4352

Property Features

Available Negotiable Expenses Include InsuranceMaintenance - ExteriorSnow RemovalTaxesWater/Sewer For Sale Or Lease For Sale Fuel Type ElectricGasPropO Gross Operating Income 58608 Net Operating Income 99999 Owner Pays Snow RemovalWater Primary Property Type OffcRetl Property Type Office/Retail Sale Includes Building & Land Sewer Septic Suite Number 1-4 Tax Amount 9939 Tax Rate Amount 3.194 Tax Rate Year 2023 Tax Year 2023 Tenant Pays Electric Total Operating Expense 99999 Utilities ElectricGas-Propane Utilities Paid By Tenant Water Shared Well Year Built Description ApproximateHistorical Zoning HMH

Listing information © 2024 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of Re/Max First Choice Realtors Ii: 908-343-5328.


Garden State MLS logo © 2024 Garden State Multiple Listing Service, LLC. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty LLC. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than eXp Realty LLC are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-05-29T08:46:37.42.
 
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eXp Realty LLC
28 Valley Rd Suite #1
Montclair NJ, 07042