25 Main St
South River, NJ 08882
Auction:7/24 - 7/26: 25 Main Street · Retail Property For Sale

Investment Highlights: *Prime Banking Center *Redevelopment Opportunity *Value Add Opportunity Investment Overview: Ten-x is pleased to present the opportunity to acquire the fee simple interest in a well-located, highly functional retail/office building (the "Property") owned by Bank of America and formerly operated as a retail bank branch. The Property has been identified as surplus corporate real estate and is currently vacant. The Property will be acquired at a very attractive price point, with the Starting Bid being the sellers reserve price. The Property is ideally suited to an investor or an owner/user that can occupy The Property for its own purposes, with a flexible and functional configuration that that is conducive to a variety of uses. Investors interested in a value-add opportunity can utilize local market knowledge and aggressively employ leasing expertise to reposition The Property, then hold for cash flow, or sell for capital appreciation and substantial risk-adjusted returns. Investors will also enjoy the fact that The Property is of a size and complexity that will not require expensive third-party management and can be outsourced at a more manageable rate, or self-managed by the new owner, thereby helping to keep operational costs low and further boosting returns. There is no existing debt on The Property, allowing the purchaser to obtain new financing, pay all cash, or 1031 exchange into the property. With interest rates at historic lows, this provides a great opportunity to lock in low long-term debt and help investors realize significant leveraged returns. The Site consists of a two story 3,352 SF retail banking center located in the historical CBD of South River, NJ on .10 acres.