Courtesy: Collini Real Estate LLC
CAP RATE OVER 8%!!!Motivated Seller! Great Opportunity! If you are looking for office space for your company this location is Prime. Let the other units pay the insurance, taxes & mortgage. Building has total of 13,600 sq. ft., with 5,000 sq. ft still available in 4 separate units (one on first floor, three on second floor). There are two residential units which are fully rented and have been for years by the same tenants. Additional 3,000 sq. ft. of insulated storage space in the rear is also rented. Owner installed 5 new HVAC units. Unit above the print shop is under redevelopment now. Security cameras installed, 50 car parking lot recently sealed and repainted. Current Cap Rate is 8%, when fully rented, Cap Rate will be over 16%! Current Rent Roll available.
NJAC2006184
Mixed Use, Other
ATLANTIC
1960
0.67
Acres
Public
Block,Brick,Stucco
On Site Septic
$36.69
Barber/Beauty,Commercial,Manufacturing,Mini-Storage,Mixed Use,Office,Parking,Professional Service,Ot
10/18/2022 12:00:00 AM
Natural Gas Available,Phone,Phone Available,Multiple Phone Lines
School Information
BUENA REGIONAL SCHOOLS
Interior Features
- Flooring
- Concrete, Carpet
- Cooling
- Central Air
- Heating
- Gas Heat. Forced Air.
- Accessibility
- Level Entry - Main.
- Security
- Security System,Surveillance Sys
Exterior / Lot Features
- Exterior
- Stucco, Brick, Block
- Lot Dimensions
- 50.00 x 583.00
- Zoning
- MIXED
- Structural Condition
- Very Good
- Additional Exterior/Lot Features
- Additional Lot(s),Backs - Open Common Area,Rear Yard.
Community Features
- Security Features
- Security System,Surveillance Sys
- Complex Features
- Security System,Surveillance Sys
Financial Considerations
Fee Simple
05-04523-00009
$19,602
Arrows indicate 90 day trend
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