6 Elmer St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
6 Elmer St
4,186 SF Retail Building Madison, NJ 07940 £1,025,131 (£245/SF)
INVESTMENT HIGHLIGHTS
- Mixed-Use Opportunity: Ground floor formerly operating as a restaurant, with income-generating apartments on the second floor.
- Historic Charm: Originally an old house, the property has been fully renovated to accommodate modern commercial needs while preserving its character.
- Investment Potential: Ideal for owner-users or investors seeking dual income streams from residential and commercial tenants.
- Additional Building: A small rear building, presently used for storage, offers flexible potential for retail, additional restaurant space, or other co
- Prime Location: Situated in Madison’s central business district, providing high visibility and foot traffic.
- Flexible Use Options: Suited for restaurant, retail, or specialty business concepts, with room for expansion in the rear building.
EXECUTIVE SUMMARY
This unique mixed-use property in Madison, NJ offers a blend of commercial and residential space in a prime central business district location. Originally a two family duplex house, the building has been thoughtfully renovated for modern commercial use while retaining its charm, creating an inviting atmosphere perfect for a restaurant or retail venture. The first floor was previously operated as a popular Barbecue restaurant, and the second floor features 2 -One bedroom apartments and the third floor which currently has an unapproved apartment can be made into a rentable space by adding a second means of egress or combining with the second floor as a duplex.
A separate building in the back, presently used for storage, offers flexibility for future use, whether it be for retail, additional restaurant space, or a specialty shop. Township approval would be necessary for this to be utilized. Situated in a high-visibility area of Madison’s bustling business district, this property combines character, functionality, and income potential in a sought-after location. On street parking and directly across the street from free municipal parking lot. The building is currently empty.
A separate building in the back, presently used for storage, offers flexibility for future use, whether it be for retail, additional restaurant space, or a specialty shop. Township approval would be necessary for this to be utilized. Situated in a high-visibility area of Madison’s bustling business district, this property combines character, functionality, and income potential in a sought-after location. On street parking and directly across the street from free municipal parking lot. The building is currently empty.
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
£7,892
|
£1.89
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
£7,892
|
£1.89
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Taxes | |
|---|---|
| Annual | £7,892 |
| Annual Per SF | £1.89 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | £7,892 |
| Annual Per SF | £1.89 |
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Portfolio Sale
Property Type
Retail
Property Subtype
Building Size
4,186 SF
Year Built
1900
Price
£1,025,131
Price Per SF
£245
Tenancy
Multiple
Number of Floors
3
Building FAR
0.51
Lot Size
0.19 AC
Zoning
CBD2 - Central Business District
Frontage
32 ft on Elmer Street
AMENITIES
- Courtyard
- Restaurant
- Signage
- Storage Space
Walk Score®
Walker's Paradise (92)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 17-01801-0000-00005 | Total Assessment | £383,331 (2024) |
| Land Assessment | £202,799 (2024) | Annual Taxes | £7,892 (£1.89/sf) |
| Improvements Assessment | £180,531 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
17-01801-0000-00005
Land Assessment
£202,799 (2024)
Improvements Assessment
£180,531 (2024)
Total Assessment
£383,331 (2024)
Annual Taxes
£7,892 (£1.89/sf)
Tax Year
2023
1 of 27
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
6 Elmer St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.