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1 State Rt 94 4,780 SF Office Building Vernon, NJ 07462 $595,000 ($124.48/SF)
Investment Highlights
- Sits directly on highly trafficked local parkway.
Executive Summary
Great Investment Opportunity! High Visibility Office Space Available With 2 Current Long Time Tenants! Bring Your Business to This Highly Desirable Location! Available Office Space Is Turn Key!
Agent Remarks: Current rental income from lower tenant is $2,700 per month and upstairs a$1,300. Total yearly income of $48,000. Projection of rent on vacant office space is $1650 per month for at total yearly income of $67,800. Current M to M rentals are grossly under priced with no rent increase over 5 Yrs.
Agent Remarks: Current rental income from lower tenant is $2,700 per month and upstairs a$1,300. Total yearly income of $48,000. Projection of rent on vacant office space is $1650 per month for at total yearly income of $67,800. Current M to M rentals are grossly under priced with no rent increase over 5 Yrs.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
4,780 SF
Building Class
C
Year Built
1985
Price
$595,000
Price Per SF
$124.48
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
2,350 SF
Building FAR
0.23
Lot Size
0.47 AC
Zoning
PLC - Planned Living Community
1 1
Property Taxes
| Parcel Number | 22-00263-0000-00001-03 | Improvements Assessment | $385,600 |
| Land Assessment | $138,900 | Total Assessment | $524,500 |
Property Taxes
Parcel Number
22-00263-0000-00001-03
Land Assessment
$138,900
Improvements Assessment
$385,600
Total Assessment
$524,500
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1 State Rt 94
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