Mixed-Use Retail and Office
1754 State Route 27 Edison, NJ 08817
1754 State Route 27, Edison, NJ, 08817
$749,999
For Sale
$749,999
Two-story building permits allow retail on the ground floor and office or apartment use upstairs.
Property Size2,000 SF
Price / SF$374
Days on Market86
Property Features for 1754 State Route 27
General Information
- Standard status
- Active
- Size
- 2,000 SF
Listing agency
AMERICA AGENCY
(800) 541-1999
Listed by
LOUIS TRENTA
Source
Exprealty
Added: Apr 28 Updated: Jul 22 at 3:26AM Checked: Jul 22 at 3:26AM
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 AMERICA AGENCY
Investment Insights
Based on property information with market context.
Permits have been secured by the township to market this property as a two-story building totaling 2,000 sq. ft. The ground floor is designated for retail use, while the second floor can be used as an office or apartment.
Demolition of the existing house is required. The public remarks indicate that permits are complete for state and county local requirements.
The property is being presented as a mixed-use conversion with separate ground-floor retail and upper-level flexible space for an office or residential use.
Demolition of the existing house is required. The public remarks indicate that permits are complete for state and county local requirements.
The property is being presented as a mixed-use conversion with separate ground-floor retail and upper-level flexible space for an office or residential use.
Key Highlights
- Permits secured to market as a 2,000 SF two‑story property
- Ground floor permitted for retail use
- Second floor permitted for office or apartment use
Local Financial Insights For Office B
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 | $52.8k | $26.40 |
| − Vacancy | −$9.2k | −$4.62 |
| EGI | $43.6k | $21.78 |
| − OpEx | −$10.9k | −$5.44 |
| NOI | $32.7k | $16.33 |
2,000 SF · lease $26.40/SF/yr · vacancy 17.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$466.7K
$408.4K – $544.5K
NOI $32,670 @ 7.0% cap · market cap 4.36%
Second Best
Retail
$399.6K
$349.7K – $466.2K
NOI $27,972 @ 7.0% cap · market cap 3.73%
Theoretical Best
Office A
$648.2K
$567.2K – $756.2K
NOI $45,373 @ 7.0% cap · market cap 6.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Two-story building permits allow retail on the ground floor and office or apartment use upstairs.
Where is this mixed-use property located?
The property is located at 1754 State Route 27 Edison, NJ.
What is the asking price?
The asking price for this property is $749,999.
What are key features of this property?
This property features: Permits secured to market as a 2,000 SF two‑story property; Ground floor permitted for retail use; Second floor permitted for office or apartment use
