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396 S Main St, Phillipsburg, NJ 08865
$499,000
396 S Main St, Phillipsburg, NJ 08865View this property at 396 S Main St, Phillipsburg, NJ 08865
396 S Main StPhillipsburgNJ08865
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Property Description
Updated, Well Maintained Commercial Building. Impressive curb appeal with a great current cash flow. Truly the best looking building on the block with original character still in place. This building features 3 apartments & 1 store front. Fully rented, turnkey ready for an investor. All utilities are separated natural gas heat & electric. Apartments have been updated, kitchen cabinets, tiled floors & carpet. Bathrooms are updated. Building is home to 3 Claw Foot Tubs. Furnaces were replaced, electrical is up to date, tenants pay for electric and natural gas. Landlord pays sewer & water. A commercial kitchen, hardwood floors in dining area, huge kitchen and prep areas w/Lg. Hooded Ansel System, Triple Basin Sink, Dry Storage Rm. The restaurant space is rented. Newer Fire Escape. This building is up to code in all areas including the fire safety system that is in place. There is a full basement with Bilco doors & a rear loading platform. Located in the heart of downtown Main St. Less than 10 minutes to Rt 22/78.Hardwood floors in main dining area, huge kitchen and Prep areas w/Lg. Hooded Ansel System, Triple Basin Sink, Prep tables, Dry Storage Rm. Less than 10 minutes to Rt 22/78..
Full Property Details
Full Property Details for 396 S Main St
General
- Price: $499,000
- Taxes: $8,089 (2023)
- Status: Active
- Type: Retail
- MLS ID: 3903502
- Updated: 5/23/2024
- Added to Site: 25 day(s) ago
Business
- Includes: Building & Land
Interior
- Flooring: Carpeting, Laminate, Tile, Wood
Rooms
Bathrooms
- Total Bathrooms: 3
- Restrooms: 4
Additional Information
- Equipment: Appliances, Exhaust System, Fire Alarm, Kitchen Area, Restrooms - Private, Restrooms - Public, Storage Area(s)
Exterior
- Color: RED
Parking
- Parking: 1 Car Width, Off-Street Parking
Location
- County: Warren
- Subdivision: Downtown Business District
- Driving Directions: Rt78 to Ex3, take Rt22W to 519S, continue straight to 2nd light & bear Rt onto So. Main St, continue for approx.1 mile on left.
- Location Details: Business District
Heating & Cooling
- Cooling Type: Window A/C(s)
- Heating Type: 4+ Units
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Sewer, Sewer Charge Extra
- Water: Public Water, Water Charge Extra
- Utility Description: Electric, Natural Gas, Cable TV Available, Internet Available
Structural Information
- Construction: Brick/Block
- Exterior Const.: Aluminum Siding, Brick
- Basement: Yes
- Basement Desc.: Full, Storage, Unfinished, Walk-Out
- Roof: Flat, Rubberized
- Ceiling Height: 20
- Door Dimensions: 8
- Loading: See Remarks
- Stories in Building: 3
- Square Feet: 5,200
- Aprox. Leasable: 5,200 Sq. Ft.
- Previous Bldg. Use: Restaurant & 3 Apartments
- Year Built: 1886
- Remodeled/Updated: 2019
Unit Information
- 1 Bedroom Units: 3
- Units w/Full Bath: 3
Lot Features
- Lot Size (Acres): 0.06
- Lot Size: .063 ACRE
- Permitted Use: Mixed Use
- Zoning: Commercial
- Lot Description: Level Lot
Financial Considerations
- Expenses: Insurance, Maintenance - Exterior, Maintenance - Interior, Taxes, Trash, Water/Sewer
- Assessment Amount: $192,800
- Land Assmt: $53,200
- Tax Amount: $8,089
- Tax Year: 2023
- Owner Pays: Maintenance-Common Area, Sewer, Trash Removal, Water
- Tenant Pays: Cable T.V., Electric, Gas, Heat
- Pays Utilities: Tenant
Disclosures and Reports
- Ownership: Fee Simple
- Documents Avail.: Income & Expenses, Leases
- APN: 3019-01506-0000-00009-0000-
- Block: 1506
- Lot Number: 9
Listed by Keller Williams Real Estate
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Schools
Schools serving 396 S Main St
School District:Phillipsburg Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
1 Stateliner Blvd, Phillipsburg, NJ 08865 | 9-12 | 0.8 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 396 S Main St
Date
Details
Price
Change
Source
5/22/2024
Listed
$499,000
75.09%
MLS
2/08/2022
Sold
$285,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 396 S Main St
Year
Property Taxes
Change
Tax Assessment
Change
2022
$7,997
2%
$192,800
—
2021
$7,853
1%
$192,800
—
2020
$7,793
1%
$192,800
—
2019
$7,741
1%
$192,800
—
2019
$7,675
—
$192,800
—
2018
$7,675
—
$192,800
—
2017
$7,641
2%
$192,800
—
2016
$7,523
1%
$192,800
—
2015
$7,465
7%
$192,800
—
2013
$6,949
—
$192,800
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 396 S Main St
396 S Main St, Phillipsburg, NJ 08865 (MLS# 3903502) is a Retail property. 396 S Main St is currently listed for $499,000 and was received on May 22, 2024. Want to learn more about 396 S Main St? Do you have questions about finding other Retail real estate for sale in Phillipsburg? You can browse all Phillipsburg real estate or contact a Coldwell Banker agent to request more information.