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- LoopNet Team
1 Highland Ave
Metuchen, NJ 08840
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Completely Renovated and Updated
- Over 5,700 sq ft of premium office space
- Walking distance to NYC train and all major highways and retail centers
PROPERTY FACTS
AMENITIES
- Air Conditioning
ABOUT 1 HIGHLAND AVE , METUCHEN, NJ 08840
Unbelievable opportunity to own this completely renovated and remodeled building in the heart of downtown Metuchen just 0.2 miles from NYC train station, major highways, major retail centers on a highly trafficked corner lot. Building is fully leased and completely occupied by 3 tenants with a Net Operating Income of more than $185k a year. Tenant A 5,408 sq ft of rented space occupying 69.16% of building Tenant B 1,272 sq ft of rented space occupying 16.27% of building Tenant C 1,140 sq ft of rented space occupying 14.58% of building Gross Income $247,669 Gross Expenses $62,519 Net Operating Income $185,150
PROPERTY TAXES
| Parcel Number | 09-00117-0000-00054-01 | Improvements Assessment | $525,000 |
| Land Assessment | $175,000 | Total Assessment | $700,000 |
PROPERTY TAXES
