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603-607 Amboy Ave 4,600 SF 100% Leased Retail Building Edison, NJ 08837 $949,000 ($206.30/SF) 6.80% Cap Rate

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Investment Highlights

Corner Lot
Tenants include Dry Cleaners & Indoor Flea market.

Along King Georges Ave & Amboy Ave.

Executive Summary

Fully occupied property with a potential 6.8% cap rate. Recently painted building.

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Storefront Retail/Office

Building Size

4,600 SF

Building Class

Year Built/Renovated

1940/2005

Price

$949,000

Price Per SF

$206.30

Cap Rate

6.80%

NOI

$64,532

Percent Leased

100%

Tenancy

Multiple

Building Height

1 Story

Loading Docks

1 Exterior

Building FAR

0.96

Lot Size

0.11 AC

Zoning

Commercial - Commercial

Frontage

62’ on Amboy Ave

About 603-607 AMBOY AVE , EDISON, NJ 08837

603-607 Amboy Ave is a one-story retail and office building located in Edison, New Jersey. Publicly available records indicate the property contains approximately 4,600 square feet and was originally constructed in 1940. The property is configured for multiple tenants and fronts Amboy Avenue within a commercial zoning district. The site is located in Middlesex County with access to regional transportation routes serving Central New Jersey.

Major Tenants

Dry Cleaners Store
Retailer
-
-
-

Indoor Flea Market
Retailer
-
-
-

Tenant	Industry	SF Occupied	Rent/SF	Lease End
Dry Cleaners Store	Retailer	-	-	-
Indoor Flea Market	Retailer	-	-	-

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Moderately walkable

60/100

Exceptionally drivable

100/100

Limited public transit

30/100

Fairly bikeable

50/100

Source: Local Logic^®

Property Taxes

Parcel Number	05-00750-0000-00011-02	Improvements Assessment	$132,400
Land Assessment	$100,000	Total Assessment	$232,400

Property Taxes

Parcel Number

05-00750-0000-00011-02

Land Assessment

$100,000

Improvements Assessment

$132,400

Total Assessment

$232,400

(732) 735-6218

Contact

Jerry Cheslow
SGM Corp

Listing ID: 15606204
Date on Market: 7/12/2018
Last Updated:
Address: 603-607 Amboy Ave, Edison, NJ 08837

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603-607 Amboy Ave, Edison, NJ for sale Building Photo- Image 1 of 2 — DSC02074-2

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603-607 Amboy Ave

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