$3,333,000
281 Summerhill RD East Brunswick, NJ 08816
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$3,333,000
Est. payment /mo
16,028 SqFt
UPDATED:
06/20/2024 08:23 AM
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 16,028 sqft
Price per Sqft $207
MLS Listing ID 2413622R
Originating Board CJMLS API
Year Built 1975
Annual Tax Amount $56,099
Tax Year 2022
Lot Size 1.560 Acres
Acres 1.56
Lot Dimensions 0.00 x 0.00
Property Description
FOR SALE: Freestanding 16,028 SF Office Building on 1.56 Acres. 281 Summerhill Rd. Presents a unique opportunity to purchase a fully leased and cash-flowing investment property in East Brunswick, NJ. The property is located at the intersection of Summerhill Rd, Ryders Lane, and Rues Lane, and is across from the Brunswick Square Mall. It is minutes from Routes 18, 9, and 516, with quick access to the NJTP Exit 9. The property is an ideal investment opportunity with stable leases in place and recent capital improvements completed. There are a total of 16 Tenant Spaces, which are all currently leased. The tenants are a mixture of medical, dental, and professional users. Spaces range in size from approx. 500SF- 2,000SF. The property is easy to manage and provides consistent and stable income. Ideal for any investor or 1031 exchange. Property Features: 16,028 SF on 2 Levels 1.56 Acres with two entrances from Summerhill Rd and one from Ryders Lane. Parking for +80 Cars On-Site 16 Tenant Spaces which are all leased Improvements: Newer Roof, Upgraded HVAC and LED Parking Lights Potential to Expand Existing Building by another 5K SF Private Bathrooms in Each Space Zoned OPC2 (Office Professional) permits all office and medical uses. Real Estate Taxes: $56,322 per year Asking $3,333,000 Investment details including rent roll and income/ expenses available upon request. Please contact Broker for more information or to schedule a site visit.
Location
State NJ
County Middlesex
Zoning OP1
Interior
Heating Forced Air
Cooling Central Air
Flooring Carpet, Ceramic Tile, Composition Tile
Heat Source Natural Gas
Exterior
Utilities Available Electricity Connected, Natural Gas Connected
Roof Type Rubber
Total Parking Spaces 80
Building
Lot Description Highway Location
Story 2
Sewer Public Sewer
Water Public
Others
Senior Community no
Tax ID 040074100000000101
Energy Description Natural Gas
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Listed by DAVIS REALTORS
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