FOR SALE BY OWNER
24 Quimby Lane, Bernardsville, NJ 07924
Prime Mixed-Use Investment in the Heart of Downtown Bernardsville
Asking Price: $775,000
An exceptional opportunity to acquire a well-located mixed-use property in one of Somerset County’s most desirable downtowns. Whether you’re an investor seeking value-add potential or an owner-user looking to offset occupancy costs with rental income, this property offers immediate cash flow and significant upside.
Situated just steps from the Bernardsville Train Station, restaurants, retail, and major commuter routes, this mixed-use building combines location, flexibility, and long-term appreciation potential.
Property Features
* One commercial storefront
* Two residential apartments
* Approximately 2,400± square feet
* Downtown Bernardsville location
* Off-street parking
* Separate commercial and residential income streams
* Flexible month-to-month occupancy with no long-term leases
Current Income
Commercial Space
* Established tenant
* $2,500 per month
Residential Unit #1
* Recently renovated
* One-bedroom, one-bath
* Move-in ready
Residential Unit #2
* Two-bedroom, one-bath
* Clean, functional, and well maintained
* Opportunity to renovate and maximize rental income
Investment Highlights
? Immediate rental income from the commercial tenant
? Opportunity to increase residential rents through strategic improvements
? No long-term leases provide flexibility for an investor or owner-occupant
? Excellent candidate for a long-term hold, value-add investment, or live/work conversion
? Located in a highly sought-after downtown with strong rental demand
? Walking distance to NJ Transit rail service, restaurants, cafés, shopping, and local businesses
Why Investors Will Like This Property
Properties of this size and location rarely become available in downtown Bernardsville. The existing income helps offset carrying costs while the residential units present an opportunity to increase cash flow through renovations and market-rate rents. The absence of long-term leases provides flexibility to reposition the property immediately.
Whether you’re completing a light value-add renovation, holding for appreciation, or occupying one of the units while collecting rental income, this property offers multiple exit strategies in an established, high-demand market.
Offered For Sale By Owner
Private showings available by appointment only.
Serious inquiries only. 212-624-2507
What the owner loves about this home
Cash cowwwww
6 days
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541
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11
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Listed by:
Property Owner(212) 624-2507
This property is for sale by owner and Zillow, Inc. is displaying it at the owner's request. It is not subject to a listing agreement with Zillow, Inc. or its affiliates.
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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