216 Main Street, Metuchen NJ 08840, 1209 - Metuchen, NJ 08840
- $625,000
- 10
- SqFt
- List Price
- $625,000
- Days on Market
- 92
- Status
- ACTIVE UNDER CONTRACT
- MLS#
- 2614924R
- Living Area
- 10
- Lot Size (Acres)
- 0.114
Property Description
216 Main Street, Metuchen - Residential rental opportunity with home office - Prime Mixed-Use Development Opportunity. Positioned in the heart of Metuchen's vibrant downtown corridor, this property supports a range of commercial and residential uses, ideal for today's demand for walkable, income-producing properties. The parcel lends itself to a 2-3 story development, with ground floor retail complemented by 2-4 residential units above, offering strong potential for long-term cash flow and value appreciation. The existing structure is best suited for redevelopment, allowing a clean slate for design and construction. The property is free of oil tanks, and access to gas service is readily available, simplifying future utility upgrades. Opportunities of this nature in downtown Metuchen are increasingly limited. This is an ideal acquisition for developers, investors, or end-users seeking to capitalize on the continued growth and demand in this highly desirable market. Property sold strictly as is. No showings till 5/4
Additional Information
- Area
- 1209 - Metuchen
- Utilities
- Electricity Connected
- Floors
- Laminate, See Remarks, Wood
- Taxes
- $11,963
- Lot Size
- 4,966
- Parking Driveway
- On Site, On Street, Open
- Lot Description
- Near Public Transit, Near Shopping, Near Train
- Water
- Public
- Levels
- 2
- Heat Fuel
- Baseboard Electric
- Cooling
- Central Air, Window Unit(s)
- Water Sewer
- Public Sewer
- Roof
- Asphalt, Flat
- Parking Spaces
- 2
- Stories
- 2
- Show Address
- Yes
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Listing courtesy of KELLER WILLIAMS ELITE REALTORS.
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