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370 Memorial Pkwy 20,000 SF 100% Leased Retail Building Phillipsburg, NJ 08865 $2,100,000 ($105/SF) 7.09% Cap Rate
Investment Highlights
- Hwy Location
- Updated Mechanicals
- Office/Retail Mix
Executive Summary
Fully Leased Office/Retail Investment Property
Fantastic opportunity to own a fully leased office/retail building in a highly visible highway location. This impressive all-brick property features updated building systems, elevator service, and quality granite and marble finishes throughout. The building has been well maintained and offers an attractive combination of professional office and retail space.
With 100% occupancy, strong visibility, and convenient highway access, this is an excellent turnkey investment opportunity for an investor seeking a stabilized commercial asset.
Fantastic opportunity to own a fully leased office/retail building in a highly visible highway location. This impressive all-brick property features updated building systems, elevator service, and quality granite and marble finishes throughout. The building has been well maintained and offers an attractive combination of professional office and retail space.
With 100% occupancy, strong visibility, and convenient highway access, this is an excellent turnkey investment opportunity for an investor seeking a stabilized commercial asset.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| 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 | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| 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
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
20,000 SF
Building Class
B
Year Built/Renovated
1930/2007
Price
$2,100,000
Price Per SF
$105
Cap Rate
7.09%
NOI
$148,875
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.52
Lot Size
0.88 AC
Zoning
Commercial - B-2 Business - Highway Zone.
Parking
48 Spaces (2.4 Spaces per 1,000 SF Leased)
Frontage
121’ on Memorial Pkwy
Amenities
- Freeway Visibility
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 19-01227-0000-00002 | Total Assessment | $1,000,000 (2026) |
| Land Assessment | $364,000 (2026) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $636,000 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
19-01227-0000-00002
Land Assessment
$364,000 (2026)
Improvements Assessment
$636,000 (2026)
Total Assessment
$1,000,000 (2026)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Contact the Sale Advisor
370 Memorial Pkwy