239 State Route 79
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239 State Route 79
1,936 SF 100% Leased Retail Building Marlboro, NJ 07746 $694,900 ($359/SF)
Investment Highlights
- High traffic area. 1 acre property prime for expansion.
Executive Summary
Attention Investors: This mixed-use property in a C-2 Neighborhood Commercial District has long-term tenants with multi-year leases. This income-producing property could be an ideal addition to your portfolio, located on RT 79 in the Morganville section of Marlboro Township.
There are two buildings on the property. The three-story building has approximately 1000 sqft of retail space on the first floor and a 2-bedroom apartment with 1160 SqFt on the second floor. You'll be delighted to discover the apartment features an oversized galley kitchen, dining room, living room, laundry, and outdoor deck. There are more rooms on the 3rd floor, currently used as storage rooms for the apartment tenant. The third floor does have a separate entrance.
The latest improvement to the property features a new, large-capacity, state-of-the-art sewage system.
The second building is home to a 780 sqft workshop and retail space. There is ample attic storage on the 2nd floor of this building, too.
These facilities are on an acre of property that backs to the Henry Hudson Trail. Call today for further information and to schedule a visit to your new investment property.
There are two buildings on the property. The three-story building has approximately 1000 sqft of retail space on the first floor and a 2-bedroom apartment with 1160 SqFt on the second floor. You'll be delighted to discover the apartment features an oversized galley kitchen, dining room, living room, laundry, and outdoor deck. There are more rooms on the 3rd floor, currently used as storage rooms for the apartment tenant. The third floor does have a separate entrance.
The latest improvement to the property features a new, large-capacity, state-of-the-art sewage system.
The second building is home to a 780 sqft workshop and retail space. There is ample attic storage on the 2nd floor of this building, too.
These facilities are on an acre of property that backs to the Henry Hudson Trail. Call today for further information and to schedule a visit to your new investment property.
Property Facts
Sale Type
Investment
Sale Condition
Bulk/Portfolio Sale
Property Type
Retail
Property Subtype
Building Size
1,936 SF
Building Class
C
Year Built/Renovated
1925/2000
Price
$694,900
Price Per SF
$359
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.04
Lot Size
1.00 AC
Zoning
C-02 - Neighborhood Commercial District: One or a combination of retail and/or service uses of a neighborhood nature
Parking
8 Spaces (3.64 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Security System
- Storage Space
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 30-00168-0000-00010 | Improvements Assessment | $81,900 |
| Land Assessment | $300,000 | Total Assessment | $381,900 |
PROPERTY TAXES
Parcel Number
30-00168-0000-00010
Land Assessment
$300,000
Improvements Assessment
$81,900
Total Assessment
$381,900
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239 State Route 79
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