2-6 LAUREL AVENUE

KINGSTON, NJ, 08528

$4,200,000

$4,200,000
Active
Active
 - For Sale
property_type
Commercial
calendar
Built 1920
ONCE IN A LIFETIME INVESTMENT OPPORTUNITY! The perfect blend of commercial and residential real estate. These 3 impeccably maintained properties are fully rented and located just 5 minutes from Princeton in the picturesque downtown Kingston with its newly reinvented dining scene. This property will provide income, depreciation, equity, appreciation and leverage. This property includes a restaurant and an adjoining mixed-use building, a 4-unit apartment building and the private 24-spot parking lot that joins them. Yes, 3 of the most centrally located buildings situated around the largest parking area in town - an investor’s dream scenario! The thriving market/restaurant is renovated with casual, industrial flair. Durable wood-look tile runs all the way through the fully-equipped kitchen with walk-in cooler and storage. Next door, alfresco seating under a pergola spreads out in front of a charming building with a full apartment upstairs and the opportunity for private dining or meeting space below. Both levels are beautifully maintained and stylishly up-to-date. A rear patio and deck offer even more outdoor space. There is plenty of easy parking for restaurant patrons, employees and tenants of the separate apartment building. All 4 occupied units have similarly sized interiors with 2 bedrooms and their own laundry. Granite, modern cabinetry and wood-grain tile are attractive features. The rear unit is especially desirable thanks to a large, fenced-in patio. Income will be coming in from day one with these rented/leased buildings!
MLS® ID:
NJSO2001508
Updated:
8/8/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Cooling
Central A/C
Heating
Forced Air

Exterior/Building Features

Lot Size
9,692 ft² lot
Sewer
Public Sewer

School Information

School District
FRANKLIN TOWNSHIP PUBLIC SCHOOLS

Other Property Details

Area Name
Franklin Twp (21808)
Taxes
$0.00
Tax Frequency
per YEAR
Garage
No
Parking
N
View
N
County
SOMERSET
Water Source
Public
Pool
No
Zoning
NBH

Courtesy of Callaway Henderson Sotheby's Int'l-Princeton

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Data last updated 7:31 AM UTC, 8/8/22

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