Skillman, NJ 08558,391 ROUTE 518
Skillman, NJ 08558,391 ROUTE 518
Skillman, NJ 08558,391 ROUTE 518
Skillman, NJ 08558,391 ROUTE 518
Skillman, NJ 08558,391 ROUTE 518
Skillman, NJ 08558,391 ROUTE 518
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$985,000

$1,090,000

9.6%
Est.Price: ?

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Est. payment /mo

4 Beds

2 Baths

0.39 Acres Lot


SOLD DATE : 02/10/2021

Key Details

Sold Price $985,000

Property Type Single Family Home

Sub Type Detached

Listing Status Sold

Purchase Type For Sale

Subdivision None Available

MLS Listing ID NJSO112894

Sold Date 02/10/21

Style Colonial

Bedrooms 4

Full Baths 2

HOA Y/N N

Originating Board BRIGHT

Annual Tax Amount $9,690

Tax Year 2019

Lot Size 0.385 Acres

Acres 0.39

Lot Dimensions 0.00 x 0.00

Property Description

A once-in-a-lifetime investment opportunity! Just minutes from Princeton and Hopewell, on the high-profile corner of Route 518 and Great Road, this historic Blawenburg building offers fantastic visibility and flexibility with a prime mixed-use property comprised of recently remodeled commercial space and 2 fully leased rental townhomes. Any change of usage must be approved by the Township with a site plan and parking. The renovated commercial space has a modern, farmhouse-style cafe beautifully appointed with reclaimed and natural materials, and a fully outfitted kitchen - making it perfect for a restaurant or catering outfit, but the possibilities are endless: professional offices, yoga studio, wellness center, and more. Included are an outdoor terrace, parking for 25 vehicles, and a heated outbuilding that was once the Blawenburg Post Office, and now an opportunity for training, take-out, or extra storage. The seating capacity is for fifty or fewer. Generating income to offset the cost of the commercial space are a renovated 2 bedroom/1.5 bath and a 4 bedroom/2 bath. There currently exists a mixed use building on the property, with two (2) residential apartments and a commercial use. The residential use is existing nonconforming and approved by the Zoning Board of Adjustment in Case BA-9-90

Location

State NJ

County Somerset

Area Montgomery Twp (21813)

Zoning MIXED USE

Rooms

Other Rooms Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Foyer

Basement Unfinished

Interior

Interior Features Store/Office

Hot Water Natural Gas

Heating Forced Air

Cooling Central A/C

Heat Source Natural Gas

Exterior

Waterfront N

Water Access N

Accessibility None

Garage N

Building

Story 2

Sewer Public Sewer

Water Well

Architectural Style Colonial

Level or Stories 2

Additional Building Above Grade, Below Grade

New Construction N

Schools

High Schools Montgomery H.S.

School District Montgomery Township Public Schools

Others

Senior Community No

Tax ID 13-32002-00001

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

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Patricia K. Gallardo

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Bright MLS (BMLS)
Listed by Susan L DiMeglio • Callaway Henderson Sotheby's Int'l-Princeton
Bought with Susan L DiMeglio • Callaway Henderson Sotheby's Int'l-Princeton
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1765 Greensboro Station Place, Suite 900, Mclean

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