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353 Main St 1,650 SF Vacant Office Building Spotswood, NJ 08884 $505,000 ($306.06/SF) 8.55% Cap Rate
Executive Summary
Well kept centrally located income generating property in heart of Spotswood business district. Currently main level has two offices (total ~450 sqft) owner occupied (attorney), and lower level has reception area, 1/2 bath and large office Tenant occupied (Realtor). Top floor has two offices (total of 500 Sqft), half bath and pantry area that are vacant and potential for additional income. Building comes with 14 parking spaces. Minutes from RT 18
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
1,650 SF
Building Class
C
Year Built
1933
Price
$505,000
Price Per SF
$306.06
Cap Rate
8.55%
NOI
$43,200
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,200 SF
Building FAR
0.16
Lot Size
0.23 AC
Zoning
GC - commercial
Parking
15 Spaces (4.17 Spaces per 1,000 SF Leased)
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
- Basement
- 550 SF
- Office/Retail
- Partial Build-Out
- Now
- 1st Floor
- 550 SF
- Office/Retail
- Partial Build-Out
- Now
- 2nd Floor
- 550 SF
- Office/Retail
- Partial Build-Out
- Now
| Space | Size | Space Use | Build-Out | Available |
| Basement | 550 SF | Office/Retail | Partial Build-Out | Now |
| 1st Floor | 550 SF | Office/Retail | Partial Build-Out | Now |
| 2nd Floor | 550 SF | Office/Retail | Partial Build-Out | Now |
Basement
| Size |
| 550 SF |
| Space Use |
| Office/Retail |
| Build-Out |
| Partial Build-Out |
| Available |
| Now |
1st Floor
| Size |
| 550 SF |
| Space Use |
| Office/Retail |
| Build-Out |
| Partial Build-Out |
| Available |
| Now |
2nd Floor
| Size |
| 550 SF |
| Space Use |
| Office/Retail |
| Build-Out |
| Partial Build-Out |
| Available |
| Now |
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Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 24-00108-0000-00035 | Improvements Assessment | $169,700 |
| Land Assessment | $169,900 | Total Assessment | $339,600 |
Property Taxes
Parcel Number
24-00108-0000-00035
Land Assessment
$169,900
Improvements Assessment
$169,700
Total Assessment
$339,600
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