1329 Prince Rodgers Ave
Bridgewater, NJ 08807
Value-Add Retail Center | I-287 Bridgewater · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Multi-tenant value-add retail shopping center in exceptional Somerset County location next to I-287. 30-DAY CLOSING EXTENSION AVAILABLE.
- For financing inquiries please contact Brian Anderson of Progress Capital: (732) 616-0908.
- E-commerce proof rent roll from diverse tenant mix (PNC Bank, orthodontist, food service, education providers and more).
- Stability and solid cash flow from long-term tenants, tremendous upside potential via lease-up of vacant space and in-place rents below market rates.
- Very well maintained with significant capital improvements and renovations completed by current ownership.
- High traffic and densely populated upscale location with quick access to Interstate 287, Routes 202 and 22.
PROPERTY FACTS
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Retail
Building Size
23,200 SF
Building Class
C
Year Built
1990
Percent Leased
72%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.08
Lot Size
6.71 AC
Zoning
C1A
Parking
247 Spaces (5.94 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 06-00514-0000-00005 | Improvements Assessment | $4,160,200 |
| Land Assessment | $1,509,800 | Total Assessment | $5,670,000 |
