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355 Warwick Tpke 12,120 SF 83% Leased Retail Building Hewitt, NJ 07421 $1,450,000 ($119.64/SF) 5.71% Cap Rate
Executive Summary
Exceptional opportunity to own a well-established, income-producing mixed-use property. The two residential units have been recently updated, while the onsite commercial spaces are fully leased and occupied by thriving businesses. Ideally situated to serve both the local community and the steady flow of seasonal visitors, this property benefits from year-round demand from summer recreation on Greenwood Lake to winter skiing and outdoor activities. The area's consistent customer base has supported these businesses for years, providing reliable tenancy and strong, ongoing cash flow potential for ownership.
Data Room Click Here to Access
- Miscellaneous
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
12,120 SF
Building Class
C
Year Built
1988
Price
$1,450,000
Price Per SF
$119.64
Cap Rate
5.71%
NOI
$82,768
Percent Leased
83%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
10’
Building FAR
0.11
Lot Size
2.53 AC
Parking
40 Spaces (3.67 Spaces per 1,000 SF Leased)
Frontage
407’ on Warwick Tpke
Amenities
- Tenant Controlled HVAC
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Country Flow Yoga
- Arts, Entertainment, and Recreation
-
99,999 SF
-
$9.99
-
Lorem Ipsum
- -
- Jackpocket
- Arts, Entertainment, and Recreation
-
99,999 SF
-
$9.99
- -
-
Jan 0000
- Residential units
- -
-
99,999 SF
-
$9.99
- -
-
Jan 0000
- Utopia Deli & Cafe
- Accommodation and Food Services
-
99,999 SF
-
$9.99
- -
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Country Flow Yoga | Arts, Entertainment, and Recreation | 99,999 SF | $9.99 | Lorem Ipsum | - | |
| Jackpocket | Arts, Entertainment, and Recreation | 99,999 SF | $9.99 | - | Jan 0000 | |
| Residential units | - | 99,999 SF | $9.99 | - | Jan 0000 | |
| Utopia Deli & Cafe | Accommodation and Food Services | 99,999 SF | $9.99 | - | Jan 0000 |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 15-02802-0000-00001 | Total Assessment | $846,500 |
| Land Assessment | $427,800 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $418,700 | Tax Year | 2025 |
Property Taxes
Parcel Number
15-02802-0000-00001
Land Assessment
$427,800
Improvements Assessment
$418,700
Total Assessment
$846,500
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
355 Warwick Tpke
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