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23-25 S Main St 14,000 SF 100% Leased Retail Building Manville, NJ 08835 $895,000 ($63.93/SF) 8.44% Cap Rate
Executive Summary
Currently owner occupied, pro-forma based on retail and office sq ft rates, potential for second floor conversion to residential.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
14,000 SF
Building Class
B
Year Built
1957
Price
$895,000
Price Per SF
$63.93
Cap Rate
8.44%
NOI
$75,538
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.14
Lot Size
0.15 AC
Zoning
M-C - Mixed Commercial
Parking
6 Spaces (0.43 Spaces per 1,000 SF Leased)
Frontage
48’ on South Main Street
Moderately walkable
60/100
Exceptionally drivable
90/100
Minimal public transit
10/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 11-00310-01-00015 | Improvements Assessment | $691,800 |
| Land Assessment | $158,200 | Total Assessment | $850,000 |
Property Taxes
Parcel Number
11-00310-01-00015
Land Assessment
$158,200
Improvements Assessment
$691,800
Total Assessment
$850,000
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Presented by
RE/MAX InStyle Realty
23-25 S Main St
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