36-36A Main St
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36-36A Main St
4,300 SF 100% Leased Retail Building Englishtown, NJ 07726 $850,000 ($198/SF) 6.50% Cap Rate
Executive Summary
100% Occupied - great tenants. DRASTIC PRICE REDUCTION ********Just a stones throw from the NJT Bus Stop and very close to the municipal building and police department- Stable Barber Shop and Dog Grooming tenants.
Ability to get a higher rate of return by getting a higher rent for the apartment. Don’t miss this !!
Ability to get a higher rate of return by getting a higher rent for the apartment. Don’t miss this !!
Property Facts Under Contract
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
4,300 SF
Building Class
C
Year Built/Renovated
1970/2020
Price
$850,000
Price Per SF
$198
Cap Rate
6.50%
NOI
$55,250
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.39
Lot Size
0.25 AC
Zoning
Professional or Retail
Parking
10 Spaces (2.56 Spaces per 1,000 SF Leased)
Frontage
35 FT on Main Street
PROPERTY TAXES
| Parcel Number | 13-00012-0000-00002 | Improvements Assessment | $345,000 |
| Land Assessment | $206,000 | Total Assessment | $551,000 |
PROPERTY TAXES
Parcel Number
13-00012-0000-00002
Land Assessment
$206,000
Improvements Assessment
$345,000
Total Assessment
$551,000
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36-36A Main St
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