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2605-2609 S Broad St 12,000 SF 100% Leased Retail Building Hamilton, NJ 08610 For Sale 8% Cap Rate
Investment Highlights
- Strong retail tenancy with established commercial users and scheduled rent increases
- Large residential unit layouts enhance tenant appeal and retention
- Ample on-site parking serving both residential and commercial tenants
- Residential rent upside as in-place rents trail current market levels
- Upgraded electric and HVAC systems, reducing near-term capital expenditure risk
- On-site laundry room for potential additional income
Executive Summary
The property consists of 2 buildings with a parking lot. One is a mixed-use building with 8 residential units, 2 retail and a vacant 2nd floor office. The second building is a stand-alone retail unit.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
12,000 SF
Building Class
C
Year Built
1970
Cap Rate
8%
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
14’
Building FAR
0.36
Lot Size
0.76 AC
Zoning
HC - Highway Commercial
Frontage
132’ on BROAD ST
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- New Way Group Inc
- Services
- -
-
$9.99
-
Lorem Ipsum
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| New Way Group Inc | Services | - | $9.99 | Lorem Ipsum | - |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 03-02414-0000-00006 | Improvements Assessment | $863,000 |
| Land Assessment | $253,000 | Total Assessment | $1,116,000 |
Property Taxes
Parcel Number
03-02414-0000-00006
Land Assessment
$253,000
Improvements Assessment
$863,000
Total Assessment
$1,116,000
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