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431 Park Ave

2,012 SF 100% Leased Retail Building Scotch Plains, NJ 07076 $799,000 ($397/SF)

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Investment Highlights

heavy traffic, across the street city hall

highlight location, plenty of parking

Executive Summary

state farm 915 sq ft, rent 1,700 lease ends on June 30 2025 option for 5 year renewal, Black drop Coffee 2,100 sq ft $2,300 lease ends May 32 2025 option 5 year renewal, 1 bedroom apartment in the back of the building 1,600 month to month.. plenty of street parking and parking in rear of building shared parking lot,, building insurance approx 2,500 yearly, tenants pay own utilities, they take care of own snow shoveling, both units have basement for storage... It is NOT a NNN Lease

sellers disclsure park ave

lead paint 431 park ave

Financial Summary (Actual - 2023) Click Here to Access	Annual	Annual Per SF
Gross Rental Income	$99,999	$9.99
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$99,999	$9.99
Taxes	$99,999	$9.99
Operating Expenses	$99,999	$9.99
Total Expenses	$99,999	$9.99
Net Operating Income	$99,999	$9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual	$99,999
Annual Per SF	$9.99

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$99,999
Annual Per SF	$9.99

Taxes
Annual	$99,999
Annual Per SF	$9.99

Operating Expenses
Annual	$99,999
Annual Per SF	$9.99

Total Expenses
Annual	$99,999
Annual Per SF	$9.99

Net Operating Income
Annual	$99,999
Annual Per SF	$9.99

Property Facts Under Contract

Sale Type

Investment or Owner User

Property Type

Retail

Property Subtype

Freestanding

Building Size

2,012 SF

Building Class

Year Built

1962

Price

$799,000

Price Per SF

$397

Percent Leased

100%

Tenancy

Multiple

Building Height

1 Story

Building FAR

0.14

Land Acres

0.34 AC

Zoning

N/A - see attached

Frontage

50 FT on Park Ave

Finance and Insurance
99,999 SF
-
Jan 0000

The State Farm® mission is to help people manage the risks of everyday life, recover from the unexpected and realize their dreams. State Farm's vision for the future is to be the customer's first and best choice in the products and services they provide. State Farm' will continue to be the leader in the insurance industry and they will become a leader in the financial services arena. State Farm's customers' needs will determine their path. State Farm's values will guide them. They are people who make it their business to be like a good neighbor; who built a premier Company by selling and keeping promises through their marketing partnership; who bring diverse talents and experiences to their work of serving the State Farm customer. State Farm's success is built on a foundation of shared values, quality service and relationships, integrity and financial strength.