$899,000

241 Us Highway 206, Stanhope Boro, NJ 07874

  • 3 beds |
  • 2 baths
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1948
  • Property Lot Size Icon0.69acre lot
  • Property Parking Icon 2 car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 3 months ago

Property Description

Exceptional opportunity to acquire a highly visible mixed-use property ideally positioned along the heavily traveled Route 206 commercial corridor in Stanhope, NJ. This unique asset offers a compelling blend of stable residential income and flexible commercial/light industrial space well suited for investors, owner-users, or live-work operators. The property features an approximately 3,873 SF building situated on 0.68 acres, boasting an impressive Highway frontage on U.S. Route 206 and parking for up to 15 vehicles, delivering outstanding visibility and consistent daily traffic exposure. The building is comprised of: A 1,248 SF three-bedroom residential apartment, A 2,665 SF commercial/light industrial space, currently utilized for small engine repair, suitable for a wide range of uses. Strategically located just off Interstate 80, the property benefits from excellent accessibility and serves as a prominent first-stop location along the Route 206 corridor. Its positioning offers convenient proximity to key destinations throughout both Sussex County and neighboring Morris County. This mixed-use investment presents strong income-generating potential with flexibility for a user-operator or investor, aligning with both short-term and long-term investment strategies. Please note: The current business is not for sale and will be relocating within Sussex County; however, the owner may consider a leaseback arrangement.

Listing Status:
Active
Data Last Updated:
August 9, 2026 at 6:40AM
Listing Office:
REALTY EXECUTIVES EXCEPTIONAL : 973-696-8800
MLS ID:
4026035
  • Basement: Unfinished
  • A/C: 1 Unit
  • Heating: 1 UnitBaseboard - HotwaterOil Tank Above Ground - Inside
  • General: See Remarks
  • Parking: Parking spaces: 15
  • Roofing: Asphalt ShingleSee Remarks
  • County: Sussex
  • Driveway: See Remarks
  • Zoning: PIC2819-11701-0000-00010-0000-
  • Utilities: Electric
  • Water: Public Water
  • Sewer: Public Sewer
  • Exclusions: All inventory toolsofficepersonal possessions etc.

This listing courtesy of REALTY EXECUTIVES EXCEPTIONAL

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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