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948 Alexander Rd

$899,000

948 Alexander Rd, Princeton Junction, Nj 08550

Active
Last Updated: 02/08/2025

3,600 sqft

Building Size

1960

Year Built

Details:
Building Size:    3,600 sqft
Year Built:    1960
Price Per Sqft:    $249.72
Zoning:    COMMERCIAL
Highlights:
  • Days on Market: 23
  • Heating: Forced Air
Description:

Prime investment opportunity. Business on 1st ground floor & apt on 2nd. Building is 3600 sq ft. Located between Scott & Berian Ave’s; Restaurant is Brothers. $2500 X 12 mos upper = $30,000 and $600 X 52 wks Brothers =$31,200 Total $61,200. Second floor boasts 3 bedrooms, a very large one in rear, approx. 20 x 25 w cathedral ceiling, w a 20’ X 12’ deck w entrance from a pleasant back yard. Bedrooms towards the front approx 13’ X 14’ & 12’ X 12’. Apartment boasts a large open concept living / kitchen area. Front bath has new tile, floors and windows less than 5 yrs old and new carpet. Please see Living area pic & large rear bedroom. 2 blocks to NYC/ Philadelphia train station. Landlord pays taxes $13,474 yr and water sewer $2700 yr. Restaurant owns equip. Brothers pays insurance $4,000 yr. Access to basement thru rear doors.

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