590 Prigmore St East Brunswick, NJ 08816

This portfolio includes four commercial properties and seven residential dwellings, totaling approximately 3.12 acres. The properties are situated conveniently, about 3 miles from the New Jersey Turnpike at Exit 9, with close proximity to Routes 1, 9, 27, 130, 34, and the Garden State Parkway. The location is directly across from Summerhill Square Mall. The properties are located on Route 18, within a HC-2 General Highway Commercial District zoning that permits hotel use. A used car dealership has operated at this location for 52 years with the original owner, benefiting from a large repeat and referral customer base. Two commercial properties are approved at 616 and 592 Route 18, while 618 and 590 Route 18 have highway frontage. The residential dwellings are located on adjacent Prigmore Street. The traffic count exceeds 60,488 vehicles per day. Phases 2 and 3 of newly constructed luxury apartments and retail are planned to be finished by Vermella in East Brunswick, NJ, in the immediate area. The properties can be purchased as a used car dealership sales and service operation, with the potential transfer of business licenses available alongside income-producing residential and retail components. Alternatively, the site can be purchased as an approximately 3-acre redevelopment opportunity suitable for a variety of retail or multifamily apartment projects. The location is strategically positioned between a traffic light-controlled intersection and a roundabout, approximately 1/4 mile from the site, in the heart of the Route 18 East Brunswick retail corridor. Surrounding tenants include The Halala Guys, Smash Burger, Ulta, House of Cupcakes, Home Goods, Hand & Stone, Five Below, Mandee, Rock 'N' Air Amusement Park, Chipotle, Sarku, Papa Johns, Starbucks, and Taco Bell.