241-243 Us Highway 206
Stanhope Boro, NJ 07874
Price: $899,000
GSMLS: 4026035Type: Multi-Family
Style: 2-Two Story
Total Units: 2
Beds: 3
Baths: 2 Full & 1 Half
Garage: 2-Car
Year Built: 1948
Acres: 0.69
Property Tax: $12,046
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.
General Info
Style:
2-Two Story
SqFt Building:
3,873
Total Rooms:
10
Basement:
Yes - Unfinished
Interior:
n/a
Roof:
Asphalt Shingle, See Remarks
Exterior:
See Remarks
Lot Size:
n/a
Lot Desc:
Irregular Lot
Parking
Garage Capacity:
2-Car
Description:
See Remarks
Parking:
See Remarks
Spaces Available:
15
Unit 1
Bedrooms:
n/a
Bathrooms:
1
Total Rooms:
4
Room Description:
See Remarks, Utility Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
See Remarks
Utilities:
Owner Pays Electric, Owner Pays Gas, Owner Pays Heat, Owner Pays Water
Handicap:
No
Unit 2
Bedrooms:
3
Bathrooms:
2
Total Rooms:
5
Room Description:
Bedrooms, Kitchen, Living Room, Master Bedroom, See Remarks
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Electric, See Remarks
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Heat
Handicap:
No
Unit 3
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Unit 4
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Utilities
Heating:
1 Unit, Baseboard - Hotwater
Heating Fuel:
Oil Tank Above Ground - Inside
Cooling:
1 Unit
Water Heater:
Electric
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Electric
Services:
Cable TV
School Information
Elementary:
n/a
Middle:
n/a
High School:
n/a
Community Information
County:
Sussex
Town:
Stanhope Boro
Neighborhood:
n/a
Financial Considerations
List Price:
$899,000
Tax Amount:
$12,046
Land Assessment:
$177,200
Build. Assessment:
$296,200
Total Assessment:
$473,400
Tax Rate:
4.66
Tax Year:
2025
Listing Information
MLS ID:
4026035
List Date:
05-07-2026
Days On Market:
3
Listing Broker:
REALTY EXECUTIVES EXCEPTIONAL
Listing Agent:
Michael Hauck
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: SeasonsGlenCondos.com
