ADDRESS
62 E Park Place
Morristown, NJ 07960
Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.
GREAT OPPORTUNITY! First time offered. This unique mixed use investment opportunity has unlimited potential. A 4 bay garage plus office, set up as a "Do It yourself" (DIY) auto repair shop, comes fully equipped with lifts, tire machine and tools for servicing and repairing most required auto repairs at affordable daily or hourly rental prices. Additionally, there are 2 connected homes in the rear of the shop that are available for rent or a mother/daughter set up depending on what the situation calls for, which could provide an additional source of income. Both residences require renovations and updating. The main house is currently a 2-BR, 2 1/2 Bath home with an indoor swimming pool and potential to add an additional third BR. Connected to the main house is a second dwelling which can function as a mother/daughter apartment with 3-BRs and one Bath, or a separate rental unit. Attached in the Media Section of this listing is a pro forma projection of the income potential for the entire property. Set on 1 acre of property on Main Street (Rte 517), in Ogdensburg, the DIY business has high visibility to draw in daily or monthly rental users. The prospects for this income producing property are endless. A must see for qualified business owners or investors.
5 months ago | Listing updated with changes from the MLS® | |
7 months ago | Listing first seen on site |
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