250 Warren St 2,240 SF 100% Leased Retail Building Beverly, NJ 08010 $388,777 ($173.56/SF) 3.58% Cap Rate
INVESTMENT HIGHLIGHTS
- Great location.
- New Electrical/Plumbing/HVAC.
- Renovated.
- Ample Storage.
EXECUTIVE SUMMARY
Looking for an investment opportunity with instant cash flow? This 2240 square foot mixed-use property has been renovated down to the studs and is currently rented until next August. Brand new electrical, plumbing, HVAC, flooring, fixtures, appliances, and lighting. The first floor commercial space features 4 separate rooms, a kitchenette and 1.5 baths. The second floor is a 3 bedroom, 1 bath apartment. Ample storage space in the full basement and a parking lot for 10 cars. Great location in downtown Beverly with high visibility.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,240 SF
Building Class
C
Year Built
1940
Price
$388,777
Price Per SF
$173.56
Cap Rate
3.58%
NOI
$13,900
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.26
Lot Size
0.20 AC
Zoning
C2 - Downtown Commercial District - this zone allows for multi office types, retail, commercial, professional, etc. along with second floor residential
Parking
10 Spaces (4.46 Spaces per 1,000 SF Leased)
AMENITIES
- Air Conditioning
- Smoke Detector
PROPERTY TAXES
| Parcel Number | 02-01161-0000-00001 | Improvements Assessment | $346,000 |
| Land Assessment | $44,000 | Total Assessment | $390,000 |
