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1637 New Rd
Northfield, NJ 08225
Office Property For Sale
Investment Highlights
- Fully Leased with a Mix of Businesses That Include a Learning Academy, Salon & Spa, Beauty Wax Bar, Yoga Studio, Therapist, and Autism Center
- Located Along a Corridor that Includes Such National Tenants as Walgreens, McDonald’s, TD Bank, and Firestone, as well as Many Local Businesses
- Situated Just 4-Miles from the NJ Shore Town of Margate City a Popular Beach Destination Attracting Numerous Visitors Annually
- Each Tenant has Less Than 1-Year Remaining on Their Lease Term and No Options Providing Upside for Potential Investors
- Located on a Heavily Trafficked Section of U.S. Highway 9 (New Road) Which Sees More Than 16,050 Vehicles Passing Daily
- Subject Property is Strategically Positioned within 10-Miles from Atlantic City Home to 9 Casinos Making it the Casino Capital of the East Coast
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
3,035 SF
Building Class
C
Year Built
1955
Price
$599,000
Price Per SF
$197.36
Cap Rate
10.06%
NOI
$60,245
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
1,012 SF
Building FAR
0.30
Lot Size
0.23 AC
Zoning
O-PB - Office - Professional Business
Parking
12 Spaces (3.95 Spaces per 1,000 SF Leased)
Amenities
- Basement
- Central Heating
- Shower Facilities
- Air Conditioning
Property Taxes
| Parcel Number | 18-00040-0000-00018-10 | Improvements Assessment | $235,000 |
| Land Assessment | $90,000 | Total Assessment | $325,000 |
Property Taxes
Parcel Number
18-00040-0000-00018-10
Land Assessment
$90,000
Improvements Assessment
$235,000
Total Assessment
$325,000
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