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39-45 E Milton Ave 5,232 SF 100% Leased Retail Building Rahway, NJ 07065 $1,870,000 ($357.42/SF) 6.12% Cap Rate
Investment Highlights
- ust across the Rahway train station
- 4 retail unit + 7 office space, new roof around Nov 2024 year
- At the corner of traffic signaled cross section
Executive Summary
Great investment opportunity on the busiest area. Just across the Rahway train station. all unit occupied except two office space used by the owner. 4 retail unit + 7 office space. new roof around Nov 2024 tear. cash buyer only. Strictly sold as-is condition including environmental issue. The seller will credit the treatment estimate to the buyer
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
5,232 SF
Building Class
C
Year Built
1925
Price
$1,870,000
Price Per SF
$357.42
Cap Rate
6.12%
NOI
$114,476
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.75
Lot Size
0.16 AC
Zoning
commercial
Frontage
Moderately walkable
60/100
Moderately drivable
70/100
Exceptional public transit
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 13-00311-0000-00003 | Improvements Assessment | $267,300 |
| Land Assessment | $105,100 | Total Assessment | $372,400 |
Property Taxes
Parcel Number
13-00311-0000-00003
Land Assessment
$105,100
Improvements Assessment
$267,300
Total Assessment
$372,400
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39-45 E Milton Ave
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