Retail Suite with Flexible
161 Lincoln Hwy 2 B, Edison, NJ 08820
For Sale
New
Contact for pricing
The owner can adapt the space for private offices, a conference room, a bathroom and kitchenette.
Property Size1,300 SF
Days on Market2
Property Features for 161 Lincoln Hwy 2 B
General Information
Standard status
Size
Property subtype
Additional Details
Condition
Road Access
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
lighted tenant directory
Building Details
Building Size
Stories
Listing Agency:
Keller Williams Elite, Realtors
Listed By:
PEGGY TRSTENSKY
(908) 568-0982
Source:
Elliman
Added: Nov 12
Last Checked: Nov 12 at 2:35PM
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 Keller Williams Elite, Realtors
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Investment Insights
Based on property information with market context.
Located within Romeros Plaza, this retail suite is presented as a large open area, with an alternative layout of three private offices, a conference room, a bathroom and kitchenette. The owner will customize the buildout. Planned unit improvements include fresh paint, replacement flooring and lighting, and a new private bathroom.
The plaza fronts Lincoln Highway (Route 27) in North Edison. Nearby destinations identified include Metro Park, Menlo Park Mall, the Parkway and the Oak Tree Road shopping and dining district. Private parking is available at the front and rear of the building, and a lighted tenant directory serves the property.
The plaza fronts Lincoln Highway (Route 27) in North Edison. Nearby destinations identified include Metro Park, Menlo Park Mall, the Parkway and the Oak Tree Road shopping and dining district. Private parking is available at the front and rear of the building, and a lighted tenant directory serves the property.
Key Highlights
- Owner can customize the suite; a proposed layout includes three offices, a conference room, bathroom and kitchenette
- Planned improvements include fresh paint, new flooring, lighting and a private bathroom
- Romeros Plaza fronts Lincoln Highway (Route 27) in North Edison
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,182
Suggested Prices Based on Cap Rates
Cap Rate 5%
$363,640
$363.6K
Cap Rate 7%
$259,743
$259.7K
Cap Rate 9%
$202,022
$202.0K
Market Conditions
NOI Build-Up for 1,300 SF
Gross rent
$28.1K $21.60/SF
− Vacancy
−$2.1K −$1.62/SF
EGI
$26.0K $19.98/SF
− OpEx
−$7.8K −$5.99/SF
NOI
$18.2K $13.99/SF
Area
Edison, NJ
Vacancy
7.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$363,640
Cap Rate 7%
$259,743
Cap Rate 9%
$202,022
Alternative Uses
Best Use
Retail
$259.7K
$227.3K – $303.0K
NOI $18,182 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$421.3K
$368.7K – $491.6K
NOI $29,493 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
384
Businesses Nearby
Explore this area
Business Placement
Demographics for 08820, NJ
41,169
Population
13,215
Households
3.1
Avg Household Size
42
Median Age
71%
College-Educated
93%
High-School Grad
10.4 sq mi
ZIP Area
3,959
Density / Sq Mi
$168,453
Median Household Income
$86,386
Median Earnings
$1,925
Median Rent
$597,700
Median Home Value
Market
Average Price Trend$/SF for Retail space in Edison, NJ
Properties on Market for Retail space in Edison
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - The owner can adapt the space for private offices, a conference room, a bathroom and kitchenette.
Where is this retail space located?
The property is located at 161 Lincoln Hwy 2 B Edison, NJ.
What are key features of this property?
This property features: Owner can customize the suite; a proposed layout includes three offices, a conference room, bathroom and kitchenette; Planned improvements include fresh paint, new flooring, lighting and a private bathroom; Romeros Plaza fronts Lincoln Highway (Route 27) in North Edison
