This Retail Property is Off-Market.

1378 Route 206
Skillman, NJ 08558 ·

18,050 SF · Retail For Sale

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Village Shopper III

Price N/A Cap Rate 6%
Gross Leasable Area 18,050 SF Occupancy 100%
Property Type Retail No. Stories 1
Property Sub-type Neighborhood Center Tenancy Multiple
Property Use Type Investment Lot Size 4.99 AC
Listing ID: 15849511 Date Created: 08/14/2008 Last Updated: 09/06/2009

Description

18,400sf building comprising of 10 units with plans and approval pending for an additional 16,000sf retail space and bank pad that will nearly double the current footprint and income. Great landscaping and tenants. Excellent opportunity to own in desirable Montgomery Township. Move quickly, this won' t last. OWNER WILL CONSIDER A DOWN PAYMENT WITH A TAKEOVER OF THE LLC.

"Montgomery is a thriving community with a rich history, excellent schools (#1 rank in avg. S.A.T. scores of all N.J. public school systems in 2004-5), diverse recreation opportunities and a collective commitment to preserving open land and protecting natural resources. The community has successfully merged rural and suburban lifestyles in a cosmopolitan region. According to the latest U.S. Census Bureau estimates available for 2006, there are approximately 23243 people who call Montgomery home."

"Established in 1702 by Dutch and English Settlers, Montgomery Township continues to combine a unique convenience of location with the lifestyle features sought by residents and businesses. Located in the southern portion of Somerset County six miles from Princeton University and roughly half way between New York City and Philadelphia the Township is an historic 32 square mile community with an agricultural heritage."

Highlights

  • Current Leases can be converted to NNN leases
  • Approval pending for bank pad
  • Approval pending for Additional 16,000SF of retail
  • Property sits on major highway with high traffic count

Research

1378 Route 206, Skillman, NJ 08558 (Somerset County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

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