150 S MAIN ST, Phillipsburg Town, NJ 08865
Warren County
Key Facts
Description
At the edge of NJ and gateway to the Lehigh Valley, here's a gem on the Main street of this charming river town. Situated in the heart of historic downtown Phillipsburg, near popular themed train rides with city parking out back. Classic fully-equipped restaurant, with 2 income-producing apartments above. Great location, location, location for eatery. This mixed-use property offers excellent potential; two nicely renovated 2 BR apartments above. Restaurant kitchen boasts a 15' hood with Ansul wet-system for fire suppression. 6-burner gas stove, walk-in freezer. Near many more cute shops, Art center, and eateries. Restaurant could rent for $2500/month (now vacant). At this price, buyer is in charge of finishing c/o work (approx $8,k code work). Property has an Interconnected fire alarm - needs a house panel to fully comply to code. Two apartments above should command at least $1600 each. If you do a $2200 lease on first that's over $60,k gross annual rent potential. Perfect for a restauranteur/chef that wants the additional steady income from above or live upstairs. Nice property with an upside and excellent spot to invest, in historic downtown PBurg! Scenic riverside spot with popular consigner and art center on the block. Walkable to downtown historic Easton PA - a quick stroll across the free bridge lands you in this fabulous LOCATION, brimming with opportunity. Sq footage is estimated. Brimming with POTENTIAL here!
Property Information
Property Type
Commercial Sale
Sub-Type
Mixed Use
Year Built
1939
Stories
3
Living Area
4,100 sq ft
Lot Size
0.05 acres
Ownership
Fee Simple
MLS® Listing#
4035768
Property Features
- Cooling:
- Window Unit(s)
- Heating:
- Baseboard, Electric, Natural Gas, Zoned
- Flooring:
- Vinyl
- Basement:
- Full
- Parking:
- On Street
- Lot Features:
- Level
- Security:
- Smoke Detector(s)
- Utilities:
- Natural Gas Available
- Sewer:
- Public Sewer
- Water Source:
- Public
HOA & Tax
- Annual Tax:
- $10,958 (2024)
- Assessed Value:
- $241,100
- Parcel #:
- 3019-00919-0000-00003-0000-
Directions
From Union Square/ Free Bridge - head SE on s. Main St. Property is on right.
Affordability Calculator
$87,000
Estimated monthly payment
$2,315/mo
Principal $348,000 · Est. interest $485,491 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Phillipsburg Town, NJ
- $517,308
- Median Listing Price
- 36
- Median Days on Market
- 1,912
- Median Sq Ft
- $290
- Median Price / Sq Ft
- 225
- Active Listings
- This home’s price is 16% below the area median.
- Its price per sq ft is 63% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Phillipsburg Town, NJ.
Location
- 150 S MAIN ST, Phillipsburg Town, NJ 08865
Nearby Schools
Heavenly Angels Learning Center
School · 0.2 mi away
Freeman Elementary School
Elementary · 0.3 mi away
National High School
Secondary · 0.5 mi away
Third Street Alliance for Women & Children
School · 0.5 mi away
Phillipsburg High School
Secondary · 0.8 mi away
Phillipsburg Middle School
Secondary · 0.8 mi away
Phillipsburg Middle School
School · 1.0 mi away
Green Street Elementary School
Elementary · 1.0 mi away
March Elementary School
Elementary · 1.0 mi away
Lehigh Valley Children's Center
School · 1.0 mi away
Warren County Community College Phillipsburg Education Center
School · 1.0 mi away
College Hill Nursery School
Primary School · 1.0 mi away
Phillipsburg School District
School · 1.1 mi away
Andover-Morris Elementary School
Elementary · 1.1 mi away
Phillipsburg School District
School · 1.2 mi away
Cheston Elementary School
Elementary · 1.3 mi away
Paxinosa Elementary School
Elementary · 1.5 mi away
Saints Philip & James School
School · 1.5 mi away
Green Street School
School · 1.7 mi away
Phillipsburg Primary School
Elementary · 1.7 mi away
Commute Calculator
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Moving Cost Estimate
EXIT Agents in Phillipsburg Town
Listing Courtesy: FREE BRIDGE REALTY, LLC - 6102522552