Fully Rented - 3,175 +/- SF 2 1/2 Story Mixed Use Building
Listing was updated at: 04/24/2019
Property Overview
Price/Rent PSF $ 280,000.00
Asset Type Office
Trade Type Sale
SQ. FT. Available 3,175
Date Available 01/08/2019
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Fully rented two unit mixed-use building with long term tenants on a corner lot with a paved off-street parking area. LC (limited commercial) zoning district, new gas heater (installed 2017), underground lawn sprinklers and well maintained units make this a money in the bank investment. This 3175 /- sf 2 1/2 story offers dramatic high ceilings, original woodwork, and hardware on the first floor office space and a large second floor apartment. Good exposure on Route 40, walking distance to downtown shopping and close proximity to area bridges, I-295 and the NJ Turnpike. A Smart Investment - current gross income - $40,380 per year and a 9.7% CAP rate make this a good as gold long term investment in your future.