Active

3071 Bordentown Avenue

Sayreville NJ, 08859

$8,000,000


$250.00 per sqft

Active

32,000 sqft

Commercial

Built in 2003

Investment Highlights: 3071 Bordentown Ave presents a unique investment opportunity to purchase a fully leased 30,000SF +/- Freestanding Professional Building/School. The tenants have recently renewed and have 8 years remaining. The lease is NNN, with minimal to no landlord responsibilities. The income provides an 8%+ CAP rate at the asking price with built in annual escalations. Property Highlights: Built in 2002, the property has 3 nicely finished levels accessible w/ an ADA compliant elevator. Currently occupied by a school, the property is located in a B-2 (General Business Zone) which permits a wide range of uses. Property Features: 30,000 Total SF w/ 10,000 SF on each Level ADA Compliant Elevator Multiple Bathrooms, Utility Sub-Metering, and Zoned Heating/ Cooling on Each Level Large Meeting/Multi-Purpose Room on Lower Level Commercial Kitchen w/ Fire Suppression Hood Parking for 80+ w/ Overflow Shared Parking Two Separate Entrances w/ Secure Receptions Fully Sprinklered Throughout Outdoor Playground for School Use Windows Throughout the Perimeter of Each Level providing Natural Light Nice Pylon Signage w/ Visability Customizable Floorplan for Multiple Office Users which can be divided into 2,500 SF Quadrants Numerous Large Office/ Classrooms Constructed in 2003, so entire building is approx. 20 years old Zoned B-2 Real Estate Taxes: $90,760 per year (tenant pays) Floorplans Available As Attachments Prime investment opportunity w/ long term stable income, minimal landlord responsibilities, and above market CAP rate. Call for more information or to schedule a showing.

2400344R

MLS ID

July 10, 2023

Listed

February 15, 2024

Updated

Map

3071 Bordentown Avenue
Sayreville NJ, 08859

Interior Features

Total Stories

3


Floor Description

Carpet, Ceramic Tile, Composition Tile


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Forced Air

Exterior/Building Features

Lot Size

2.17 Acres


Lot Features

Near Public Transit, Highway Location


Roof

Asphalt


Sewer

Public Sewer

Other Property Details

Taxes

$90,761


Tax Frequency

Annually


Days on Market

80


Garage

No


Parking Total

80


View

No


County

Middlesex


Water Source

Public


Pool

No


Zoning

B2

Courtesy of DAVIS REALTORS with ,
Listing Contact:  

 

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