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$ 749,000
Est. payment /mo
New
150 Magnolia LN Middletown, NJ 07748
2,816 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 2,816 sqft
Price per Sqft $265
MLS Listing ID 2661139M
Year Built 2007
Annual Tax Amount $10,123
Tax Year 2025
Lot Size 0.501 Acres
Acres 0.5014
Lot Dimensions 84X260
Property Sub-Type Commercial
Source CJMLS API
Property Description
Located on a quiet dead-end street, this unique property features 4 separate structures, ideal for investors or owner-occupants with a residence-based business. Single family residence is currently rented for $3,060 and features 3-beds, 1-bath, updated kitchen, attached garage, and a private fenced in yard. The rear cottage offers potential to be an ADU (Accessory Dwelling Unit), uses are subject to municipal approval. This property also features a separate structure previously used as a kennel, and 2 detached garages rented for $500 a month that brings in additional income. There are also 2 Sheds that offer plenty of storage for all your needs. See below for more information regarding property type and zoning. Private setting with minimal traffic and strong long-term upside. Income-producing property currently used as mixed-use, though zoned R22, a residential zone with certain permitted uses; buyer to perform due diligence. Priced to sell, an exceptional opportunity for an owner-occupant to enjoy private living while exploring additional income possibilities. Buyer to perform all due diligence regarding zoning, permitted uses, ADU approval, and future development.
Location
State NJ
County Monmouth
Zoning R-22
Interior
Heating Electric
Cooling Window Unit(s)
Flooring See Remarks
Heat Source Propane
Exterior
Utilities Available Electricity Connected, Propane
Roof Type See Remarks
Total Parking Spaces 4
Building
Lot Description Dead - End Street, Residential Area
Story 2
Sewer Public Sewer
Water Public
Others
Senior Community no
Tax ID 3200605000000055
Energy Description Propane
Listed by KELLER WILLIAMS EAST MONMOUTH