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124 W Merchant St 3,529 SF 100% Leased Office Building Audubon, NJ 08106 For Sale
Investment Highlights
- Hybrid investment opportunity - a property that provides stable income along with the ability to occupy 1,800 sf on W Merchant Street in Audubon, NJ
- New owner has right to terminate beauty salon post sale and either occupy or re-lease to different user
- Two long-term tenants (dental practice and beauty salon) that provide stable income with upside potential or opportunity to owner/occupy
- Call or email for additional information
Executive Summary
This investment property provides a unique opportunity for a hybrid investment/user. The property is improved with a single, detached commercial building of approximately 3,529 square feet on a 0.1148-acre corner parcel. The building contain two commercial units, including a dental practice and a general retail unit currently utilized as a beauty salon. The dental practice has a lease in place that provides for a stable, market rent. The second lease is below market but contains an early termination provision in favor of the Landlord that provides the opportunity to free up the space and either re-lease or owner-occupy their 1,800 square foot space.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
3,529 SF
Building Class
B
Year Built/Renovated
1933/2008
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
3,529 SF
Slab To Slab
10’
Building FAR
0.74
Lot Size
0.11 AC
Zoning
B-1 Business District - The B-1 Business District permits a wide range of uses including retail, restaurants, personal service and professional office uses.
Parking
2 Spaces (0.57 Spaces per 1,000 SF Leased)
Amenities
- Signage
1 1
Walk Score®
Very Walkable (74)
Property Taxes
| Parcel Number | 01-00067-0000-00001 | Improvements Assessment | $234,200 |
| Land Assessment | $68,400 | Total Assessment | $302,600 |
Property Taxes
Parcel Number
01-00067-0000-00001
Land Assessment
$68,400
Improvements Assessment
$234,200
Total Assessment
$302,600
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Presented by
GK Commercial Realty Group, Inc.
124 W Merchant St
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