309 Spotswood Englishtown Rd
Monroe Township, NJ 08831
Retail Property For Sale

5 Unit Building: 1 Ground Floor retail space and 4 Residential Apartments Property is located along Middlesex County Roadway #613 in a growing area. Monroe Twp. is undergoing rapid growth and expansion increasing traffic counts. Ground floor retail space offers 3,000 sq. ft. of space along with an estimated $100,000 of equipment included in purchase price. Equipment includes such things as walk- in box, full kitchen, display cases and more. Building also includes 4 – 2 bedroom residential apartments Units have separate electric meters Owner currently pays water and snow removal Taxes : $16,887.50 Building total sq. ft. is approximately 7171 Ample parking spots: 20+ Apartment Rents are below current market rate for Monroe Twp. NJ Apartment 1-A 2 bedrooms rented for $981.00 Apartment 1-B 2 bedrooms rented for $800.00 Apartment 2-A 2 bedrooms rented for $950.00 Apartment 2-B 2 bedrooms rented for$975 Average current market rate 2 bedrooms rentals should be between $1400-$1600 in Monroe Twp. NJ Ground floor retail space currently for lease at $2,500 a month