Joanne DeFlavis - Coldwell Banker Hearthside
1736-38 Glassboro Rd #a,b,c
WILLIAMSTOWN, NJ 08094

Description

Attention Investors! This property is a money maker- Currently 11.2% CAP RATE with a potential of 14% once owner occupied unit is leased out! This property consists of 2 fully rented out buildings. Unit 1736 has 2 units, front is 3,400 sq ft and is leased out as a showroom for Irrigation company, rear unit is owner occupied (will be vacant for new owner) and is 2,400 sq ft. Building 1738 is a 3,500 sq ft building tenant occupied for over 12 years as a warehouse supply for the Irrigation company. Properties sit on over an acre of ground with parking in front and side lots for about 15 cars and a grass field in rear for added storage. In 2002 there were major improvements done to the property including: well, septic, 3 separate electric meters, 3 separate baths and 2 kitchenettes for the buildings. Unit 1736 has a 5 year old rubber roof and all the doors were replaced in 2001 including 2 steel roll up doors. Both units are in very good condition. Property has a brand new parking lot and the heat is now converted in one building to gas heat.

Details

MLS#1001768684
StyleIndustrial
Sub-TypeResale
StatusActive
Year1966
Days On Site189

Features

SQ Feet9,300
Story(s)0
ZoningCOMM

Market Activity 08094

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Area Information

StateNJ
CityWILLIAMSTOWN
Zip Code08094
AreaMonroe Twp (20811)
Listing VS Median (in 08094)
Price:
$515,000
low | high
Med:
$165,000
100% of Average
SqFt:
9,300
low | high
Med:
1,318
100% of Average
$ / SqFt:
$55
low | high
Med:
$125
76.070686683266% of Average
On Site:
189
low | high
Med:
9
100% of Average
Listing Updated: 12/10/2018
MLS Number: 1001768684
Listing Provided By:
Peter C Sideris  of  Century 21 Rauh Johns

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