Mixed-Use Property with
1604 State Route 27 Edison, NJ 08817
1604 State Route 27, Edison, NJ, 08817
$500,000
For Sale
$500,000
COMMERCIAL - Edison, NJ
Property Size2,212 SF
Lot Size0.25 Acres
Price / SF$226.04
Days on Market267
Property Features for 1604 State Route 27
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- GB
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bathroom 1, Bathroom 3
- Parking
- 27
- Parking features
- Offsite, Assigned
- Interior features
- Carpeting
- Appliances
- Range/Oven, Refrigerator
- Standard status
- Active
- APN
- 050012500000000501
- Size
- 2,212 SF
- Lot size
- 0.25 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 1115696
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Baseboard
- Cooling system
- Ceiling Fan(s), Central Air
- Water source
- Public
Building Details
- Year built
- 1952
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Wood, Carpet
- Building materials
- Vinyl Siding
- Roof type
- Asphalt
Listing Agency
AMERICA AGENCY
(800) 541-1999
1604 STATE HWY 27, Edison, NJ
Listed by
Louis Trenta
(732) 985-7894
Added: Oct 28, 2025 Updated: Jul 16 at 3:43 pm Checked: Jul 21 at 12:06 am
MLS# 2606621R
Copyright © 2026 All Jersey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use for-sale property includes three separate units: two residential rentals currently producing $3,600 per month in revenue, and a third retail space that is owner occupied. The owner-occupied space is approximately 1,300 square feet and includes an office with a full basement suitable for storage and a small area for a conference room. Separate heat and utilities are available for the owner-occupied portion, while the residential tenants have separate utilities. Parking accommodates almost 27 cars.
The building is located at 1604 State Route 27 in Edison, New Jersey, and is listed under zoning GB. Property taxes are reported as $11,156.96.
The first floor is currently used as an office but could be suited for small retail uses, including bubble tea, take-out food, and check-cashing services along with an ATM if necessary. The listing is also described as a land lease structure with a deposit requirement for a 25-year term, with options to purchase every five years, and it references the availability of purchase options for six buildable lots.
The building is located at 1604 State Route 27 in Edison, New Jersey, and is listed under zoning GB. Property taxes are reported as $11,156.96.
The first floor is currently used as an office but could be suited for small retail uses, including bubble tea, take-out food, and check-cashing services along with an ATM if necessary. The listing is also described as a land lease structure with a deposit requirement for a 25-year term, with options to purchase every five years, and it references the availability of purchase options for six buildable lots.
Key Highlights
- Land lease for 25 years with option to purchase every 5 years; $500,000 deposit required for the 25 yr term.
- Currently includes 2 residential rentals generating $3,600/month revenue; tenant utilities are separate from owner‑occupied utilities.
- Owner‑occupied retail space is 1,300 SF with a basement office suitable for storage and a small conference area.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $69.0k | $31.20 |
| − Vacancy | −$3.5k | −$1.56 |
| EGI | $65.6k | $29.64 |
| − OpEx | −$29.5k | −$13.34 |
| NOI | $36.1k | $16.30 |
2,212 SF · lease $31.20/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$515.1K
$450.8K – $601.0K
NOI $36,060 @ 7.0% cap · market cap 7.21%
Second Best
Retail
$442.0K
$386.7K – $515.6K
NOI $30,937 @ 7.0% cap · market cap 6.19%
Theoretical Best
Office A
$716.9K
$627.3K – $836.4K
NOI $50,183 @ 7.0% cap · market cap 10.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Residential income property - For sale mixed-use building on Route 27 with two residential rentals and an owner-occupied retail/office space.
Where is this residential income property located?
The property is located at 1604 State Route 27 Edison, NJ.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Land lease for 25 years with option to purchase every 5 years; $500,000 deposit required for the 25 yr term.; Currently includes 2 residential rentals generating $3,600/month revenue; tenant utilities are separate from owner‑occupied utilities.; Owner‑occupied retail space is 1,300 SF with a basement office suitable for storage and a small conference area.
