Log In/Sign Up
Your email has been sent.
476 Main St & 507 Middlesex Ave, Metuchen, NJ 476 Main St 11,000 SF 100% Leased Retail Building Metuchen, NJ 08840 For Sale
INVESTMENT HIGHLIGHTS
- -Adjacent properties occupying Metuchen's busiest intersection
- -Comparable apartments renting at 40% premium to portfolio avg.
- -Fully Occupied & Well Maintained
- -Significant upside in retail and residential income
- -Comparable retail sites renting at 50% premium to portfolio avg.
- -Private onsite parking
EXECUTIVE SUMMARY
Redwood Realty Advisors is pleased to present the listing of 476 Main St & 507 Middlesex Ave in Metuchen, New Jersey. The properties consist of 11 units across two adjacent buildings located at the busiest intersection of Downtown Metuchen's primary retail corridor.
Each building features a retail and residential component that is fully occupied, well maintained, and offers opportunities to capture significant upside via rental and other income increases. This upside has been clearly demonstrated in the market and can be viewed on Apartments.com, and other listing services, where comparable apartments are renting at a 40% premium to the portfolio average and where market retail rates stand at a 50% premium to the portfolio’s average retail rent.
Metuchen is an affluent, highly desirable New York City suburb with excellent accessibility and top-rated schools. It recently received extensive press coverage for its recognition by the National Trust for Historic Preservation as one of the three best main streets in America.
Please contact James McConnell of Redwood Realty Advisors for full property details and financials at 732-865-5803.
Each building features a retail and residential component that is fully occupied, well maintained, and offers opportunities to capture significant upside via rental and other income increases. This upside has been clearly demonstrated in the market and can be viewed on Apartments.com, and other listing services, where comparable apartments are renting at a 40% premium to the portfolio average and where market retail rates stand at a 50% premium to the portfolio’s average retail rent.
Metuchen is an affluent, highly desirable New York City suburb with excellent accessibility and top-rated schools. It recently received extensive press coverage for its recognition by the National Trust for Historic Preservation as one of the three best main streets in America.
Please contact James McConnell of Redwood Realty Advisors for full property details and financials at 732-865-5803.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
11,000 SF
Building Class
B
Year Built
1950
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.33
Lot Size
0.19 AC
Zoning
B1
Frontage
Walk Score®
Walker's Paradise (95)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 09-00117-0000-00059 | Improvements Assessment | $188,000 |
| Land Assessment | $112,000 | Total Assessment | $300,000 |
PROPERTY TAXES
Parcel Number
09-00117-0000-00059
Land Assessment
$112,000
Improvements Assessment
$188,000
Total Assessment
$300,000
1 of 21
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
476 Main St & 507 Middlesex Ave, Metuchen, NJ | 476 Main St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.