168 Maplewood Ave 5,011 SF 100% Leased Retail Building Maplewood, NJ 07040 $1,750,000 ($349.23/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- 168 Maplewood Avenue is a six-unit retail strip that is fully leased.
- Each tenant benefits from prominent building signage.
- The property benefits from high-visibility in Maplewood Village.
- Adjacent from Memorial Park and the Memorial Park Amphitheater, a built-in consumer pool.
EXECUTIVE SUMMARY
168 Maplewood Avenue is a fully leased, six-unit retail space in a high-traffic area. It offers significant potential for both business and investment. This multi-tenant retail center is ideal for investors seeking a stable income stream with the flexibility to accommodate various retail businesses in a growing and accessible location. 168 Maplewood Avenue is in the heart of Maplewood Village for tenant-synergy benefits. It is within walking distance of the train station and generates great rental income.
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,011 SF
Building Class
C
Year Built/Renovated
1924/2022
Price
$1,750,000
Price Per SF
$349.23
Cap Rate
8%
NOI
$140,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
12’
Building FAR
0.61
Lot Size
0.19 AC
Zoning
Residential/Commercial - Commercial/ Retail mixed use
Parking
5 Spaces (1 Space per 1,000 SF Leased)
Frontage
41’ on Maplewood Ave
AMENITIES
- Bus Line
- Commuter Rail
- Restaurant
Walk Score®
Walker's Paradise (90)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 11-00013-09-00187 | Improvements Assessment | $1,020,500 |
| Land Assessment | $400,000 | Total Assessment | $1,420,500 |
