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257 N Main St

7,000 SF 100% Leased Office Building Manville, NJ 08835 $1,250,000 ($179/SF) 5.76% Cap Rate

Medical Offices New Jersey Manville 257 N Main St, Manville, NJ 08835

Executive Summary

Retail, medical, professional building available in Manville NJ. Approximately 7000 +/- SF with a full basement and three tenants in place. The owner is one of the professional tenants and will lease back for 3 years with options to extend. Two other units are leased to retail tenants, and all leases have annual escalations. Net income is approximately $74,000.00+/-
The building was totally renovated three years ago and has private parking on site. The tenants participate in parking lot maintenance and snow plowing.
Very well located close to Rt 22, Rt 287, and minutes from Hillsborough.

Attachments

257-Commercial Package Pro (21)

Property Facts

Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Office
Property Subtype
Medical
Building Size
7,000 SF
Building Class
B
Year Built/Renovated
1982/2018
Price
$1,250,000
Price Per SF
$179
Cap Rate
5.76%
NOI
$72,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
7,000 SF
Building FAR
0.95
Lot Size
0.17 AC
Zoning
PO-R
1 of 1
Walk Score ®
Very Walkable (75)
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PROPERTY TAXES

Parcel Number 18-00042-0000-00010 Improvements Assessment $120,400
Land Assessment $160,000 Total Assessment $280,400

PROPERTY TAXES

Parcel Number
18-00042-0000-00010
Land Assessment
$160,000
Improvements Assessment
$120,400
Total Assessment
$280,400
(201) 650-6474

Contact

  • Listing ID: 31675756

  • Date on Market: 5/2/2024

  • Last Updated:

  • Address: 257 N Main St, Manville, NJ 08835

More public record information on 257 N Main St, Manville, NJ 08835

The Office Property at 257 N Main St, Manville, NJ 08835 is currently available for sale. Contact Boniakowski Commercial Real Estate Group for more information.

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257 N Main St
(201) 650-6474 x

257 N Main St

Todd Gannet

(201) 650-6474

(201) 650-6474

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