245 US Highway 22 20,000 SF Retail Building Hillside, NJ 07205 $8,499,999 ($425.00/SF)
INVESTMENT HIGHLIGHTS
- Prime location on Route 22, providing high visibility and easy accessibility for customers.
- Strong income potential with 5 Cap plus additional revenue from an on-site billboard.
- Features a brand-new showroom and 245 parking spaces, accommodating various commercial uses.
EXECUTIVE SUMMARY
245 Route 22 in Hillside presents a prime investment opportunity in a high-traffic highway location. The Luxury Motors building, now available for sale, features a brand-new showroom and 245 parking spaces, offering excellent exposure and accessibility. This high-visibility property generates a 5 Cap, and includes additional revenue from an on-site billboard. With strong income potential and a premier location, this is an ideal asset for investors seeking a well-positioned commercial property.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
20,000 SF
Building Class
B
Year Built
2019
Price
$8,499,999
Price Per SF
$425.00
Tenancy
Single
Building Height
2 Stories
Building FAR
0.72
Lot Size
0.64 AC
Zoning
Commercial - Commercial
Parking
17 Spaces (0.85 Spaces per 1,000 SF Leased)
Frontage
181’ on U.S. 22
Walk Score®
Very Walkable (75)
NEARBY MAJOR RETAILERS
