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186 Mt Bethel Rd 2,597 SF 100% Leased Retail Building Warren, NJ 07059 $1,975,000 ($760.49/SF) 6.59% Cap Rate
Investment Highlights
- High-Visibility
- Value-Add Upside
Executive Summary
High-visibility, dual-asset portfolio situated on a 1AC lot on Mt. Bethel Road. This property includes two independent buildings on a single tax lot, providing immediate value-add upside. Easy access to I-78 and Route 22. Ideal for investment, with possible owner-user, in a highly sought after location. Contact LA for more information.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
2,597 SF
Building Class
C
Year Built
1870
Price
$1,975,000
Price Per SF
$760.49
Cap Rate
6.59%
NOI
$130,074
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
12’
Building FAR
0.06
Lot Size
1.03 AC
Zoning
NB - Neighborhood Business: Retail, Service Uses, Restaurants
Parking
15 Spaces (5.78 Spaces per 1,000 SF Leased)
Frontage
25’ on Mt Bethel Rd
Property Taxes
| Parcel Number | 20-00080-0000-00001 | Improvements Assessment | $282,000 |
| Land Assessment | $518,000 | Total Assessment | $800,000 |
Property Taxes
Parcel Number
20-00080-0000-00001
Land Assessment
$518,000
Improvements Assessment
$282,000
Total Assessment
$800,000
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186 Mt Bethel Rd
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