PRICE JUST REDUCED $50K!! - Owner is Motivated!

242 U.S. 206 Byram Township, NJ 07821

242 U.S. 206, Byram Township, NJ, 07821
Front View - from 206
242 U.S. 206, Byram Township, NJ, 07821
FOR SALE
Property Type:
Big Box Retail
Amount:
$549,000
Last Verified:
Nov 06, 2024

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Highlights

  • Train Station being built nearby
  • Community is redeveloping
  • Garage has 3 lifts
  • Office
  • Parking for 25 cars
  • Can add U Haul dealership

Description

Prime auto investment opportunity in the heart of the Morris Sussex area. This property features 1,500 square feet with 3 bays. Ample space for a retail or vehicle-related venture. Zoned for neighborhood commercial use, this location is strategically positioned for maximum visibility and accessibility. With its ideal size and versatile configuration, this property presents an excellent prospect for retail or vehicle-related investors seeking a high-potential space in a dynamic market. Don't miss out on the chance to capitalize on this remarkable property in a prime location.

Discover the many advantages of investing in the vibrant Morris Sussex market. Located in beautiful Byram Township, New Jersey, the area surrounding the property offers a perfect balance of natural beauty and convenience. With nearby access to major highways, transportation, and a range of amenities, it's an ideal location for potential office building investors. Enjoy the tranquil setting of nearby parks and lakes, while being just a short drive from popular dining and retail destinations. Investors can also take advantage of the area's strong economic activity and growing business community. This location presents an exceptional opportunity to be part of a thriving commercial hub.


Year Built: 1950
Building Size: 1500sq ft
Lot Size: 0.25 acres


Documents

BYRAM NO SURV REDUCED .pdf

Map of 242 U.S. 206, Byram Township, NJ, 07821

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.