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1220 NJ-23 Hwy 2.64 Acres of Commercial Land Offered at $2,600,000 in Butler, NJ 07405
INVESTMENT HIGHLIGHTS
- High visibility location consisting of 2.64 acres of land at traffic light and jughandle.
- 25 miles west of New York City, 5 minutes from Rte 287 corridor.
- Rental units comprised of retail, office, light industrial and digital billboard.
PROPERTY FACTS
| Price | $2,600,000 | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 2.64 AC |
| Property Type | Land | Cross Streets | Morris Ave |
| Zoning | HC | ||
| Price | $2,600,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 2.64 AC |
| Cross Streets | Morris Ave |
| Zoning | HC |
1 LOT AVAILABLE
Lot
| Price | $2,600,000 | Lot Size | 2.64 AC |
| Price Per AC | $984,848.48 |
| Price | $2,600,000 |
| Price Per AC | $984,848.48 |
| Lot Size | 2.64 AC |
DESCRIPTION
Outstanding high visibility location!!! Over 2 acres of property includes 3 retail storefronts, 5 office units and an industrial-use tenant. Two buildings in total. An additional lot is land-leased to a prominent billboard company for additional income. Do not drive or walk the property without an appointment. Do not disturb the tenants. ALL inquiries must go through a licensed real estate professional. Comprehensive brochure with specs on land, all rentals, current/projected rent roll and valuation analysis is available to qualified buyers. Respectable cap rate with room to grow. Commercial loans and cash only - no owner financing. Buyer financing capability must be provided prior to in-person showing.
Presented by
1220 NJ-23 Hwy
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