Towaco Center Transitional Area | 606 202
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Towaco Center Transitional Area 606 202
800 SF Vacant Retail Building Towaco, NJ 07082 $379,900 ($475/SF) 5.50% Cap Rate
Investment Highlights
- Turn Key Investment Property
- Many uses B-1 A Zoning
- Towaco Train Station
Executive Summary
TURN KEY investment property. INVESTOR BUYERS ONLY. Net Income approx. $21K annually. Monthly rent is $2,200, Annual $26,400. Lease exp 5/31/2024. Tenant pays all utilities and exterior maintenance (lawn & snow). Roof is 15 years, Boiler is 18 years, Central air is 7 years, Hot water is 6 years. All public utilities. Ranch located steps from the Towaco Center having wonderful restaurants, shops and train station. Many uses for this property per zoning B-1A "Towaco Center Transitional Area". Retail at grade level, residential above and many other uses. Land Use Plan Element doc available.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
800 SF
Year Built/Renovated
1938/2015
Price
$379,900
Price Per SF
$475
Cap Rate
5.50%
NOI
$20,895
Percent Leased
Vacant
Building Height
1 Story
Building FAR
0.05
Lot Size
0.40 AC
Zoning
B-1A - Many uses for this property per zoning B-1A "Towaco Center Transitional Area". See attached map and zoning doc.
Parking
4 Spaces (5 Spaces per 1,000 SF Leased)
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- With Held
- Real Estate
- 800 SF
- $2.75
- May 2024
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| With Held | Real Estate | 800 SF | $2.75 | May 2024 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 21-00039-0000-00034-1 | Improvements Assessment | $283,500 |
| Land Assessment | $243,000 | Total Assessment | $526,500 |
PROPERTY TAXES
Parcel Number
21-00039-0000-00034-1
Land Assessment
$243,000
Improvements Assessment
$283,500
Total Assessment
$526,500
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Towaco Center Transitional Area | 606 202
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