37 W Prospect St 1,800 SF 100% Leased Retail Building East Brunswick, NJ 08816 $524,900 ($291.61/SF)



INVESTMENT HIGHLIGHTS
- Freestanding Professional Building
- Close to Major Transportation and Shopping
- High Visibility
EXECUTIVE SUMMARY
Highly visible well situated freestanding masonry building on heavily traveled road off of Route 18. Surrounded by professional offices of Real Estate, Legal, Medical, Psychiatric, Educational, etc. Directly across from Midstate Mall with Best Buy, Shoprite, Pet Smart, Ross, etc. Road is main artery to travel into South River and beyond. Building is divided into 2 sections with two electric meters, panels and entrances. Zoning is OP-1. 228-110. Permitted uses. Uses permitted shall be: A. B. C. General offices, including but not limited to: (1) Finance insurance and real estate services. These include banking services, bank related functions, savings and loan associations; actuarial business and personal credit services, security brokers, dealers and flotation services; commodity contracts, brokers and dealers services; security and commodity exchanges; security and commodity allied services; insurance carriers; insurance agents, brokers and services; real estate operators, except developers and resources; real estate agents, brokers and management services; title abstracting services; real estate subdividing and development services; real estate operative builders; combination of real estate, insurance, loan and law services; other real estate and related services; holding and investment services; and other finance, insurance, travel and real estate services. (2) Personal services: photographic services; beauty services; and barber services. (3) Business services: advertising services; outdoor advertising services; other advertising services; consumer and mercantile credit reporting services; adjustment and collection services; direct mail advertising services; blueprinting and photocopying services; stenographic services and other duplicating and mailing services; news syndicate services and informant services. (4) Research, development and testing services: business and management consulting services; and detective and protective services. (5) Professional services: physician services; chiropractic services; psychologist and psychiatric services; dental services; medical laboratory services; dental laboratory services; legal services; engineering and architectural services; educational and scientific research services; accounting, auditing and bookkeeping services; urban planning services; data processing services; and other professional services. (6) Governmental services: executive, legislative and judicial functions; and postal services. (7) Miscellaneous services: business associations; professional membership organizations; labor unions and similar labor organizations; and civic, social and fraternal associations.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
1,800 SF
Building Class
C
Year Built
1968
Price
$524,900
Price Per SF
$291.61
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
0.18 AC
Zoning
OP1 - General offices, including but not limited to: Finance, insurance, real estate, personal, business, professional, legal, medical, research, gov't, etc
Parking
7 Spaces (3.89 Spaces per 1,000 SF Leased)
Frontage
80’ on West Prospect Street
AMENITIES
- 24 Hour Access
- Bus Line
- Signage
- Tenant Controlled HVAC
- Air Conditioning
NEARBY MAJOR RETAILERS










PROPERTY TAXES
Parcel Number | 04-00045-0000-00005 | Improvements Assessment | $54,300 |
Land Assessment | $26,400 | Total Assessment | $80,700 |