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947 Route 206 10,301 SF 33% Leased Office Building Princeton, NJ 08540 $2,000,000 ($194.16/SF) 8.17% Cap Rate
Investment Highlights
- Freestanding Commercial Building on Route 206 in Highly Desired Princeton Area
- Ideal for User Investor
- Abundance of Parking with 54 Parking Spaces Onsite
Executive Summary
BRAND NEW TO THE MARKET!
947 State Road, Princeton
+/- 10,301 SF Two-Story Freestanding Retail / Professional Office Building for Sale.
Asking Price: $2,000,000.00 ($194 PSF)
Proforma NOI: $163,444.59
Proforma CAP: 8.17%
Currently 33% Occupied.
Please inquire further for financials.
- Roof is approximately 6 years old.
- 7 HVAC Units.
- 54 Total Parking Spaces Onsite.
- HC - Highway Commercial Zoning.
The property is located on heavily traveled Route 206 in Princeton.
Please inquire further for financials, rent roll proforma, and operating expenses.
Matt Miller
Cell: 908-770-0686
Email: matt@legacyrealtynj.com
Logan Gurtman
Cell: 908-692-9890
Email: logan@legacyrealtynj.com
947 State Road, Princeton
+/- 10,301 SF Two-Story Freestanding Retail / Professional Office Building for Sale.
Asking Price: $2,000,000.00 ($194 PSF)
Proforma NOI: $163,444.59
Proforma CAP: 8.17%
Currently 33% Occupied.
Please inquire further for financials.
- Roof is approximately 6 years old.
- 7 HVAC Units.
- 54 Total Parking Spaces Onsite.
- HC - Highway Commercial Zoning.
The property is located on heavily traveled Route 206 in Princeton.
Please inquire further for financials, rent roll proforma, and operating expenses.
Matt Miller
Cell: 908-770-0686
Email: matt@legacyrealtynj.com
Logan Gurtman
Cell: 908-692-9890
Email: logan@legacyrealtynj.com
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
10,301 SF
Building Class
B
Year Built
1970
Price
$2,000,000
Price Per SF
$194.16
Cap Rate
8.17%
NOI
$163,444
Percent Leased
33%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,151 SF
Building FAR
0.38
Lot Size
0.62 AC
Zoning
HC
Parking
54 Spaces (5.24 Spaces per 1,000 SF Leased)
Amenities
- Natural Light
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 13-35002-0000-00008 | Improvements Assessment | $532,000 |
| Land Assessment | $193,000 | Total Assessment | $725,000 |
Property Taxes
Parcel Number
13-35002-0000-00008
Land Assessment
$193,000
Improvements Assessment
$532,000
Total Assessment
$725,000
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947 Route 206
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