154 Route 23

Description

Calling all investors!!! Great investment opportunity with this prime commercial property located in Wantage, right on Route 23. Known for its high traffic flow, this location ensures maximum visibility and accessibility, making it a lucrative addition to any investor's portfolio. This property offers 1,880 square feet of versatile commercial space and is currently leased to a thriving business, Cow Patty's, ensuring steady rental income. With a robust 10% capitalization rate, this property stands as a solid income-generating asset.Investing here provides several advantages. The steady income stream from Cow Patties, a reliable tenant, ensures consistent rental income, providing immediate returns on investment. The property's location on Highway Route 23 benefits from substantial daily traffic, enhancing the potential for long-term tenant retention and higher rental rates. Furthermore, the prime location and current cap rate indicate strong future appreciation potential, offering significant upside for savvy investors. This is a hassle-free investment with an established tenant and proven income, ideal for investors seeking a stable addition to their portfolio.Don't miss this rare opportunity to own a high-yielding commercial property in a prime location. Whether you're an experienced investor or looking to diversify your portfolio, this property in Wantage, NJ offers the perfect blend of stability and growth potential.