33 State Route 27
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33 State Route 27
2,900 SF Retail Building Edison, NJ 08820 $3,500,000 ($1,207/SF) 5.14% Cap Rate
Investment Highlights
- Located on a corner at a traffic-controlled intersection
- Located in close proximity of Menlo Park Mall, Hackensack Meridian Hospital, and many national retailers
- Drive-Thru available with major upside
Executive Summary
Rare investment opportunity to purchase a property with significant upside in a prime retail market. The property is located at a traffic controlled intersection near many national retailers such as McDonald's, Starbucks, Dunkin, Rite Aid, and Hackensack Meridian Health. Vacant 1,228 SF space which includes a drive-thru.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,900 SF
Building Class
B
Year Built/Renovated
1997/2022
Price
$3,500,000
Price Per SF
$1,207
Cap Rate
5.14%
NOI
$179,900
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.49 AC
Zoning
GB
Parking
3 Spaces (1.03 Spaces per 1,000 SF Leased)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 05-00673-0000-00005-10 | Improvements Assessment | $327,000 |
| Land Assessment | $406,700 | Total Assessment | $733,700 |
PROPERTY TAXES
Parcel Number
05-00673-0000-00005-10
Land Assessment
$406,700
Improvements Assessment
$327,000
Total Assessment
$733,700
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33 State Route 27
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