354 S Main St, Wharton Boro, NJ 07885

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$1,650,000

bedrooms

bathrooms

square feet

3,301

Acreage

0.57

Open Houses

year built

1900

Full Baths

Half Baths

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Discover an unparalleled investment opportunity in the heart of the real estate market! This expansive property, covering over half an acre with 2 separate buildings, stands as one of the largest lots in town. Located in a B-1 Zoning District (Neighborhood Business District), it offers remarkable flexibility and potential. Both buildings have undergone complete renovation and rehabilitation, including new roofs, kitchens, bathrooms, utilities, and more. This ensures a low-maintenance, high-yield investment for years to come. Currently configured with 4 renovated apartments and an office space with full kitchens and bathrooms, the property boasts an impressive income potential exceeding $138,000 annually! We have created comprehensive floor plans and future plans to add 3 additional units to the front building, which has partial approvals. This will allow you to thoroughly explore every aspect of this unique offering. With the potential to expand to 8 units, the gross income could reach an astounding $220,000. This exceptional opportunity, with its strategic location and extensive renovations, ensures a sustainable and profitable investment for discerning investors. Don?t miss out on the chance to secure a prime piece of real estate that promises significant returns and long-term growth. Let?s collaborate to analyze the numbers, align with your goals, and make this exceptional investment opportunity yours today!

Location
Subdivision	-
County	Morris
Elementary School	-
Middle School	-
High School	-

Driving directions

Open houses

None scheduled.

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MLS number: 3911346

Listing agent: Mohamad Sankar

Listing broker: Keller Williams Realty Village Square (201) 445-4300

Copyright © 2025 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Tuesday, April 22 2025 at 3:05 p.m. EDT

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