Downtown Hoboken Retail/Commercial Building Selling For $4.5M

HOBOKEN, NJ -- This $4.5 million "investment property" is located in the heart of the downtown Hoboken business district, realtors say. Check out the full listing at the below link, via Realtor.com.

• Address: 415 Washington St, Hoboken, New Jersey
• Price: $4,500,000
• Square Feet:
• Bedrooms: 5
• Bathrooms: 3 Baths
• Features: Investment Property – located in the heart of the downtown business district. This is a rare opportunity to purchase Commercial/Residential Property - on one of the most desirable locations in Hoboken –Washington Street and it has a 2 Car Garage. Ideal for Commercial - located in the heart of the downtown business district. Ideal for walk-in business. Ideal for Residential – located walking distance from the Path, Ferries and Buses to New York The Commercial space - currently measures approximately 42’ x 14’ but has the capacity to be expanded to 85’+ x 18’ and ceiling height can be raised the current 8’ to 16’. This commercial space also has access to an under-utilized basement that measures 100+ x 20’ and has a 10’ ceilings. Residential Space – consists of three apartments above the commercial space. Apartments range in size from 770 sq. ft. to 1120 sq. ft. (see attached Floorplans) Upside potential includes higher commercial and residential rents and condo conversion.

This listing originally appeared on realtor.com. For more information and photos, click here.