Attention Investors: This mixed-use property in a C-2 Neighborhood Commercial District has long-term tenants with multi-year leases. This income-producing property could be an ideal addition to your portfolio, located on RT 79 in the Morganville section of Marlboro Township. There are two buildings on the property. The three-story building has approximately 1000 sqft of retail space on the first floor and a 2-bedroom apartment with 1160 SqFt on the second floor. You'll be delighted to discover the apartment features an oversized galley kitchen, dining room, living room, laundry, and outdoor deck. There are more rooms on the 3rd floor, currently used as storage rooms for the apartment tenant. The third floor does have a separate entrance. The latest improvement to the property features a new, large-capacity, state-of-the-art sewage system. The second building is home to a 780 sqft workshop and retail space. There is ample attic storage on the 2nd floor of this building, too. These facilities are on an acre of property that backs to the Henry Hudson Trail. Call today for further information and to schedule a visit to your new investment property.
The median home value in Morganville, NJ is $821,000. This is higher than the county median home value of $592,600. The national median home value is $338,100. The average price of homes sold in Morganville, NJ is $821,000. Approximately 85.77% of Morganville homes are owned, compared to 7.44% rented, while 6.79% are vacant. Morganville real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Morganville real estate agent to arrange a tour today!
Morganville, New Jersey has a population of 5,061. Morganville is more family-centric than the surrounding county with 43.36% of the households containing married families with children. The county average for households married with children is 34%.
The median household income in Morganville, New Jersey is $118,845. The median household income for the surrounding county is $110,356 compared to the national median of $69,021. The median age of people living in Morganville is 46.5 years.
The average high temperature in July is 84.6 degrees, with an average low temperature in January of 22.7 degrees. The average rainfall is approximately 48.1 inches per year, with 24.8 inches of snow per year.