Average square foot calculated using Size range provided by listing agent.
Description
A unique investment opportunity with significant multi-family and residential development potential is now available in the Belford section of Middletown. Situated in an R7 zone where commercial use is permitted, this offering spans three contiguous parcels and includes a fully operational funeral home with an outstanding reputation for compassionate service in the community. The rear lot, measuring 100x100, is currently used for parking but may allow for the construction of one to two single-family homes, subject to township approvals. Additionally, there may be potential for the development of up to four new construction homes on the site, further enhancing the property's long-term value. The primary building offers over 5, 000 square feet of space, including a basement and private owner's living quarters. A second structure provides more than 2, 500 square feet of office space, complete with a separate apartment aboveoffering immediate residential or rental income possibilities. Oxford House use is permitted; please consult the attached township guidelines for details. The business is being sold separately and will require an independent valuation. Prospective buyers are responsible for performing all due diligence regarding zoning, development potential, and business operations.Show Description
MLS® Number22517073
Laundry Level
Central VacNo
FireplaceNo
Acreage0.17
Exterior
GarageYes
Approx. Age1910
BasementPartially Finished, Full
DrivewayPaved, Common, Off Street, Detached, Oversized
Garage Spaces
Heat
A/CCentral Air
Heating Fuel
Extras
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