Log In/Sign Up
Your email has been sent.
226 US Highway 1 N 8,700 SF 100% Leased Retail Building Edison, NJ 08817 $2,000,000 ($229.89/SF) 6.05% Cap Rate
Executive Summary
Highly visible commercial property located on heavily traveled Route 1 North. Two story building with Restaurant, Bridal Shop, Barber Shop, Massage Spa, and Offices. Total around 8,700 SF with high ceiling basement of around 4,000 SF. 23-25 parking spaces in the recently coated and striped parking lot. Annual gross income could be $186,720. Excellent visibility, lots of signage for exposure. Offices are great for professionals like CPA, attorneys, mortgage companies, insurance companies, title companies, and IT company, etc.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
8,700 SF
Building Class
C
Year Built
1980
Price
$2,000,000
Price Per SF
$229.89
Cap Rate
6.05%
NOI
$121,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.45
Lot Size
0.44 AC
Zoning
GBH - General Business Highway
Parking
30 Spaces (3.45 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Freeway Visibility
Fairly walkable
50/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 05-00297-01-00025-03 | Improvements Assessment | $212,000 |
| Land Assessment | $312,300 | Total Assessment | $524,300 |
Property Taxes
Parcel Number
05-00297-01-00025-03
Land Assessment
$312,300
Improvements Assessment
$212,000
Total Assessment
$524,300
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Contact the Sale Advisor
226 US Highway 1 N