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Versatile Office Building on Corner Lot

666 Madison Ave, Burlington, NJ 08016

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For Sale

$449,900

Single-level office building with high visibility and diverse usage allowances.

Property size:

2,750 SF

Lot size:

0.17 Acres

Price / SF:

$163/SF

HighLights

High‑visibility location on Route 130 with over 50,000 cars passing daily.
Versatile property with approved civic uses and conditional allowances for religious, educational, and healthcare facilities.
Single‑level office building with 2,750+\/- square feet.
Equipped with ramp and regular entrance, and handicapped bathrooms.
Efficient heating and cooling with forced‑air gas‑fired systems.
Located at the corner of Route 130 and Madison Avenue.

We can help!

Contact an agent

Murat Sengul

For Sale

$449,900

Single-level office building with high visibility and diverse usage allowances.

Property size:

2,750 SF

Lot size:

0.17 Acres

Price / SF:

$163/SF

Added:: Jul 15, 2024
Days on Market:: 723
Last Refresh:: Jun 29 at 12:14 am

Property Features for 666 Madison Ave

General Information

Standard status: Active
Size: 2,750 SF
Lot size: 0.17 Acres

We can help!

Contact an agent

Murat Sengul

Listing office Twins Associates, LLC

Listing date Jul 15, 2024

Source Exprealty

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Twins Associates, LLC

HighLights

High‑visibility location on Route 130 with over 50,000 cars passing daily.
Versatile property with approved civic uses and conditional allowances for religious, educational, and healthcare facilities.
Single‑level office building with 2,750+\/- square feet.
Equipped with ramp and regular entrance, and handicapped bathrooms.
Efficient heating and cooling with forced‑air gas‑fired systems.
Located at the corner of Route 130 and Madison Avenue.

Overview

This single-level office building, offering 2,750+/- square feet, is located at the corner of Route 130 and Madison Avenue. Constructed in the late 1990s with a recent addition, the building features a masonry exterior and concrete foundation. The property benefits from high visibility, with over 50,000 cars passing daily on Route 130. The 14-room space includes a ramp and regular entrance, as well as handicapped bathrooms. It is serviced by a single-phase 200-amp electrical system and heated/cooled by forced-air gas-fired systems. Approved civic uses for the property include public and private parks and playgrounds. Religious uses such as worship, assembly, Sunday school, parish, rectory, parsonage, or convent are conditionally allowed. Education-related usage includes nurseries, preschools, kindergartens, and state-licensed elementary and secondary schools, with conditional approval. Health care and social assistance facilities are conditionally permitted. Professional and technical services, administrative and support services, and information-related activities are permitted as home occupations, as are scientific research and development services. The property is located in Burlington, NJ.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$37.0k	$13.44
− Vacancy	−$4.1k	−$1.48
EGI	$32.9k	$11.96
− OpEx	−$8.2k	−$2.99
NOI	$24.7k	$8.97

2,750 SF · lease $13.44/SF/yr · vacancy 11.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$352.4K

$308.4K – $411.2K (±1% cap)

NOI $24,671 @ 7.0% cap · market cap 5.48%

Second Best

—

no second resolved use

Theoretical Best

Warehouse

$5.75M

$5.03M – $6.71M (±1% cap)

NOI $402,610 @ 7.0% cap · market cap 89.49%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

B&N roofing Roofing Company Dr. Stanley A. Markunas ... Physician New Brunswick Quick ... Animal Shelter

Suggested Use

Location Insight

Map
Local Demand

City: Burlington
County: Burlington
State: New Jersey
Longitude: -74.8691
Latitude: 40.0692

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For sale
Office buildings
NJ
Burlington
08016
666 Madison Ave

What type of property is this?

Office building - Single-level office building with high visibility and diverse usage allowances.

Where is this office building located?

The property is located at 666 Madison Ave Burlington, NJ.

What is the asking price?

The asking price for this property is $449,900.

What are key features of this property?

This property features: High‑visibility location on Route 130 with over 50,000 cars passing daily.; Versatile property with approved civic uses and conditional allowances for religious, educational, and healthcare facilities.; Single‑level office building with 2,750+\/- square feet.