2786 NJ-23 Rt
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2786 NJ-23 Rt
2,700 SF 100% Leased Office Building Hardyston, NJ 07460 $489,000 ($181/SF) 6.13% Cap Rate
Investment Highlights
- HIgh traffic area
- Office set up
- Recently Renovated
Executive Summary
High-Yield Investment Opportunity on State Route 23
Introducing a premier commercial real estate investment along the bustling State Route 23. This property presents a remarkable opportunity with a tenant already in place, generating an ~6% CAP rate. Spanning 2,700 sq ft, it offers potential for diversification through multi-tenant strategies, enhancing its income-producing capacity. Situated on a high-traffic highway, it guarantees visibility and accessibility, two critical factors for sustained occupancy and rental growth. This turnkey investment is not just an acquisition but a strategic asset offering stable cash flow, growth potential in a thriving location, and the flexibility to adapt to market demands. Capitalize on this opportunity to own a piece of the commercial growth trajectory on State Route
For Businesses Looking to Occupy:
Prime Commercial Space for Your Business on State Route 23
Elevate your business with this strategically located property on the vibrant State Route 23. Offering 2,700 sq ft of adaptable space, this commercial gem features 8 versatile offices, dual kitchens, two baths, and ample storage, ready to cater to the dynamic needs of your growing business. Whether you're a burgeoning daycare looking for visibility or a professional office in search of a prestigious address, this property provides the perfect backdrop. Enjoy the benefits of high traffic visibility, easy access for your clients, and a layout that can be tailored to your unique operational requirements. Make the smart move to position your business in a location that supports growth and success, all while enjoying the conveniences and efficiencies designed to make your business thrive on State Route 23.
Introducing a premier commercial real estate investment along the bustling State Route 23. This property presents a remarkable opportunity with a tenant already in place, generating an ~6% CAP rate. Spanning 2,700 sq ft, it offers potential for diversification through multi-tenant strategies, enhancing its income-producing capacity. Situated on a high-traffic highway, it guarantees visibility and accessibility, two critical factors for sustained occupancy and rental growth. This turnkey investment is not just an acquisition but a strategic asset offering stable cash flow, growth potential in a thriving location, and the flexibility to adapt to market demands. Capitalize on this opportunity to own a piece of the commercial growth trajectory on State Route
For Businesses Looking to Occupy:
Prime Commercial Space for Your Business on State Route 23
Elevate your business with this strategically located property on the vibrant State Route 23. Offering 2,700 sq ft of adaptable space, this commercial gem features 8 versatile offices, dual kitchens, two baths, and ample storage, ready to cater to the dynamic needs of your growing business. Whether you're a burgeoning daycare looking for visibility or a professional office in search of a prestigious address, this property provides the perfect backdrop. Enjoy the benefits of high traffic visibility, easy access for your clients, and a layout that can be tailored to your unique operational requirements. Make the smart move to position your business in a location that supports growth and success, all while enjoying the conveniences and efficiencies designed to make your business thrive on State Route 23.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Build to Suit
Property Type
Building Size
2,700 SF
Building Class
B
Year Built
1984
Price
$489,000
Price Per SF
$181
Cap Rate
6.13%
NOI
$30,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,350 SF
Building FAR
0.13
Lot Size
0.46 AC
Zoning
B-2 - Banks and financial institutions.
Hotels and motels.
Vehicular Sales
Service stations automotive
Drive-in drinking and eating establishments.
Parking
18 Spaces (6.67 Spaces per 1,000 SF Leased)
Amenities
- Basement
- Fully Carpeted
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 11-00036-0000-00038 | Improvements Assessment | $242,200 |
| Land Assessment | $219,600 | Total Assessment | $461,800 |
PROPERTY TAXES
Parcel Number
11-00036-0000-00038
Land Assessment
$219,600
Improvements Assessment
$242,200
Total Assessment
$461,800
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2786 NJ-23 Rt
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