9,800± SF Commercial Building Comprised of 8 Units, Located on 1.56 Acres

  • $1,300,000
622 S New York Rd
  • Investment, Office, Retail
  • Property Type

9,800± SF Commercial Building Comprised of 8 Units, Located on 1.56 Acres

622 S New York Rd
  • $1,300,000

Overview

Property ID: LCRE-LCRE-4709
  • Investment, Office, Retail
  • Property Type
  • Address 622 S New York Rd
  • State/county New Jersey
  • Zip/Postal Code 08205

Details

Updated on December 22, 2021 at 12:42 pm
  • Property ID: LCRE-LCRE-4709
  • Price: $1,300,000
  • Year Built: 2007
  • Property Type: Investment, Office, Retail
  • Property Status: Sold
  • Building SqFt: 9,800
  • Block #: 1103
  • Lot #: 9
  • Lot Dimensions: IRR
  • Lot Size: 1.56
  • Number of Buildings: 1
  • Number of Units: 8
  • Number of Stories: 1
  • Parking Type: Paved, Off-Street
  • Parking Ratio: 5 spaces per 1,000 SF
  • Zoning: CC-2
  • Total Assessment: $711,700
  • Assessed Land Value: $146,200
  • Improvement Value: $565,500
  • Tax: $21,636
  • Tax Year: 2019
  • Air Conditioner: Central Air
  • Basement: Crawl Space
  • Exterior Features: Signage
  • Construction/Siding: Brick, Vinyl
  • Heating: Gas - Natural
  • Hot Water: Gas
  • Interior Features: 220 Volt Electricity, Restroom(s), Storage
  • Roof: Cedar Shake, Pitched
  • Separately Metered: Electric, Gas
  • Sewer: Public

Description

9,800± SF Commercial Building comprised of 8 Units, located on 1.56 Acres, adjoining municipal park. Large paved private parking lot and ample signage, fronting US Route 9, and providing easy access and a great presence. 5.0 parking spaces per 1000 SF open up the possibilities for allowed uses. Current tenant make up consists of Retail, Office Professional, and Medical. Centrally located, Zoned Community Commercial-2 District. Great tenant mix and rental history. The six inline units are 1,200SF and the two end caps are 1,300SF. All units are self-contained and individually metered for electric and gas. Nice garden-style setup with a rear egress leading to the parking area for staff access. Call for marketing package and P & L.

All information is from sources deemed to be reliable; however, no warranty or representation is made as to the accuracy of the information provided herein by LEVIN Commercial Real Estate, LLC. (its principals, employees or agents). All information is submitted subject to errors, omissions or changes of availability and/or terms, which may be changed without liability upon discovery or notice. Many factors affect property value and the prospect agrees to take full responsibility for adequately investigating any potential conditions that may affect their ownership or usage of the property. All are advised and expected to retain competent advice for legal, financial, construction, architectural, engineering or appraisal matters, or any similar expertise, as LEVIN Commercial Real Estate, LLC. is a real estate brokerage firm and does not represent itself as a qualified professional in any other discipline.

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