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1050 State Rt 23

Wantage Twp., NJ 07461
  • $629,999
  • STATUS: Active
  • ON SITE: 34 Days
  • MLS #: 4001594
UPDATED: 21 min ago
$629,999
  • 0
    BEDS
  • 3.24
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,000
    SQFT
  • $126
    $/SQFT
Type:
Commercial
Built:
2021
County:
Area:

School Ratings & Info

Description

ATTENTION INVESTORS! Presenting a fabulous, renovated mixed-use property offering exceptional income potential and a 10% CAP RATE. This versatile building features three rental units, including two updated apartments, dedicated office space, and a spacious event/banquet hall area. Flexible configuration allows for potential restaurant or catering use, making this an ideal opportunity for investors, owner-operators, or business owners seeking additional revenue streams. The property has been thoughtfully improved and well maintained, ensuring strong rental appeal and long-term stability. Don't miss your chance to own this high-yield, multi-functional property with countless opportunities for growth and expansion. A must-see for serious investors!

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Garden State MLS logo © 2026 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 Trompeter Real Estate. 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 Trompeter Real Estate 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 2026-01-17T09:48:43.553.
www.trompeterrealestate.com/homes/171378415
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1050 State Rt 23 Wantage Twp., NJ 07461

  • Price: $629,999
  • Status: Active
  • On Site: 34 Days
  • Updated: 21 min ago
  • MLS #: 4001594
0
Beds
0
Baths
0
½ Baths
3.24
Acres
5,000
SQFT
$126
$/SQFT
2021
Built
County:
Sussex
Area:
Wantage Twp.
Property Description
ATTENTION INVESTORS! Presenting a fabulous, renovated mixed-use property offering exceptional income potential and a 10% CAP RATE. This versatile building features three rental units, including two updated apartments, dedicated office space, and a spacious event/banquet hall area. Flexible configuration allows for potential restaurant or catering use, making this an ideal opportunity for investors, owner-operators, or business owners seeking additional revenue streams. The property has been thoughtfully improved and well maintained, ensuring strong rental appeal and long-term stability. Don't miss your chance to own this high-yield, multi-functional property with countless opportunities for growth and expansion. A must-see for serious investors!
Exterior Features

Approximate Lot Size 3.24 AC Available Parking Spaces 50 Construction Brick/Block Exterior Description Brick/Block Location Highway LocationRural Area Lot Description Lake/Water ViewStream On Lot Number Of Bays 0 Number Of Docks 0 Parking Driveway Description BlacktopOff-Street ParkingParking Lot-Exclusive Roof Description Asphalt Shingle

Interior Features

Basement Yes Basement Description FullStorageUnfinished Cooling 3 UnitsDuctless Split AC Equipment Available AppliancesKitchen AreaRestrooms - PrivateSmoke Detector Floors CarpetingLaminateTile Heating 4+ UnitsForced Hot AirMulti-Zone Max Ceiling Height 0 Max Door Height 0 Number Of Lavatories 3 Office Sq Ft 1500

Property Features

Available Immediately DEPStatus Unknown Expenses Include ElectricityGas/OilInsuranceMaintenance - ExteriorSnow RemovalTaxesTrashWater/Sewer For Sale Or Lease For Sale Free Rent No Fuel Type Oil Tank Above Ground - Outside Gross Operating Income 92400 Lease Includes Building InsuranceBuilding MaintenanceCommon Area MaintSewerTaxesWater Lease Type Other Net Operating Income 64455 Permitted Use Mixed Use/Office/Apts/Banquet Hall Primary Property Type MixedUse Prior Use Mixed Use/Office/Apts/Banquet Hall Property Type Mixed UseOffice/Apartments Sale Includes Building & LandEquipment Sewer Septic Suite Number 999 Tax Amount 9024 Tax Rate Amount 2.953 Tax Rate Year 2025 Tax Year 2024 Total Operating Expense 27945 Utilities Electric Utilities Paid By Tenant Water Well Year Built Description Approximate Zoning Commercial

Listing information © 2026 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of Realty Executives Exceptional: 973-670-1960.


Garden State MLS logo © 2026 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 Trompeter Real Estate. 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 Trompeter Real Estate 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 2026-01-17T09:48:43.553.
 
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Trompeter Real Estate
355 Varick Street
Jersey City NJ, 07302