370 Memorial Pkwy | Phillipsburg, NJ 08865
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370 Memorial Pkwy
Phillipsburg, NJ 08865
Owner Financing Avail. - NNN Retail/Office · Retail Property For Sale
Investment Highlights
- Owner Financing Available - Inquire with Clayton
Executive Summary
Triple-Net leased retail/office building, with owner financing available, featuring granite tile common areas, elevator, all new roof installed in 2021. The entire building was stripped down and renovated with a perfectionist approach and eye for detail by the current ownership, with 12 individual gas and electric meters, rooftop HVAC units and ample parking. One of the most prominently visible buildings upon entering Phillipsburg from Easton, PA. Cash flow statement available by contacting Clayton or accessed in Data Room, inside Operating and Financials folder.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
20,000 SF
Building Class
B
Year Built/Renovated
1930/2007
Price
$2,599,000
Price Per SF
$130
Cap Rate
5.50%
NOI
$142,945
Percent Leased
94%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.52
Lot Size
0.88 AC
Zoning
Commercial
Parking
48 Spaces (2.4 Spaces per 1,000 SF Leased)
Frontage
121 FT on Memorial Pkwy
Amenities
- Freeway Visibility
PROPERTY TAXES
| Parcel Number | 19-01227-0000-00002 | Improvements Assessment | $636,000 |
| Land Assessment | $364,000 | Total Assessment | $1,000,000 |
PROPERTY TAXES
Parcel Number
19-01227-0000-00002
Land Assessment
$364,000
Improvements Assessment
$636,000
Total Assessment
$1,000,000
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