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1575 S Rt-23
Butler, NJ 07405
Office Property For Sale
Investment Highlights
- 3,600 SF of Office / 1,500 SF of Retail
- Three garages with drive-in doors
- Built in 1969, Renovated in 1990
- Traffic: 44,845 VPD on Route 23
Executive Summary
Enterprise tenant occupies front 1,280 RSF and one garage bay with less than two years remaining in current term and one additional five-year option. Tenant pays Base Rent of
$31,550.44 plus NNN. Available vacant space to lease out or occupy includes: two garage bays and the full second floor (2,483 SF) which was previously offices and an apartment.
$31,550.44 plus NNN. Available vacant space to lease out or occupy includes: two garage bays and the full second floor (2,483 SF) which was previously offices and an apartment.
Property Facts
Sale Type
Owner User
Property Type
Office
Building Size
7,000 SF
Building Class
C
Year Built/Renovated
1969/1990
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,500 SF
Slab To Slab
10’
Building FAR
0.29
Lot Size
0.55 AC
Zoning
R-7 - RESIDENCE DISTRICT
Parking
25 Spaces (3.57 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 03-00204-0000-00002-02 | Improvements Assessment | $631,700 |
| Land Assessment | $453,800 | Total Assessment | $1,085,500 |
Property Taxes
Parcel Number
03-00204-0000-00002-02
Land Assessment
$453,800
Improvements Assessment
$631,700
Total Assessment
$1,085,500
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