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Like New Strip Mall

Middlesex County, New Jersey

Asking Price: Gross: Cash Flow:
$848,000 Undisclosed $60,000

Real Estate:
$848,000 (included in the asking price)

Business Summary:
6 a/c units. 3 on both sides. Double wall fire rated. 3 years – Rheem Hot water heater (Unit#5). Newly paved 23 cars. Fully renovated/new vinyl siding. Upgraded electricity, floors, walls, and doors. Large lit pylon sign on Route 9. Large bulletin board sign on side. First unit – 2,800 sq. ft. Tenant is a gift shop. Rent $1,500 per month (inc. $150 p/yr). Lease for 5 years. Second unit – cathedral ceilings with fan. Water meter. 1,750 sq. ft. – suited: seamstress, go-go-church. Third unit – 2k sq. ft. – side entrance metal door – garage door for receiving deliveries. Tenant: repairs copy machines, fax. Rent $1,500 per month + inc. + CAM. Lease for 2 years. Fourth unit – Upstairs – cathedral ceilings with 10 fans. 3k sq. ft. – showrooms: 2+office + storage+ receiving area, entranceway shared. Tenant: fireplaces. Rent $2,00 per month + ins. + CAM. Lease 2 years (Inc @ $100 per year). Fifth unit – 1,500 sq. ft. upstairs – storage. Suited medical or church. 2 full bathrooms. Full kitchen can be converted reception area. Needs utility meter. GREAT INVESTMENT. REVITALIZED AREA NEARBY TO NEW WATER FRONT DEVELOPMENT ON THE RARITAN BAY NEXT TO TOPLESS BAR. For further information please contact Ted Cerulli at 908-851-9040 Ext. 269.

 
   
   
Facilities / Terms of Lease: 4 units and storage (convert). 23 car parking available. In good condition  
   
Competition: Others  
   
Owner willing to finance: Buyer has to get qualified for loan  
 

 

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