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258 King George Rd Warren, NJ 07059

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For Sale
$4,000,000

14,500 SF building 100% occupied by schools.

Property size:
14,500 SF
Lot size:
2.70 Acres

Property Features for 258 King George Rd

General Information

Standard status
Active
Size
14,500 SF
Lot size
2.70 Acres

Building Details

Year built
1996

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Listing Contact
Tim Deluccia
Source: Corcoran

Listing Agency: BHHS FOX & ROACH Listing Agent: Tim Deluccia

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

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Overview

Fully Occupied Warren Township Building

This well-maintained 14,500 square foot building is located in Warren Township, Somerset County. The property is 100% occupied. The first floor of the main building is occupied by a dance school, and the second floor is occupied by a Montessori school. The annex is occupied by a music school. All tenants are well-established and have multi-year leases with renewals. The property has undergone many recent updates and is located minutes from Exit 36 on I-78. The Net Operating Income is $255,763 with a 6.39% cap rate. This property is suitable for commercial real estate investment.
Location Intelligence

Current Use by Public Records

K & K Enterprises ... Factory Washington Rock Dance Training Center STREAM Montessori School ... Daycare Center Vera’s Music School Vocational School

Suggested Use

Real Estate Agency Restaurant Spa & Massage Center Hair Salon Auto Repair Shop Pharmacy Building Supply Gym & Fitness Center Big Box & Wholesale Store Skin Care Clinic

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

Location Insight

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  • Local Demand
City
Warren
County
Somerset
State
New Jersey
Longitude
-74.5146518
Latitude
40.6401321

FAQs

What type of property is this?
School - 14,500 SF building 100% occupied by schools.
Where is this school located?
The property is located at 258 King George Rd Warren, NJ.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: - 100% Occupied Trophy Asset: Provides immediate and consistent income.; - Strong NOI: Generates a substantial Net Operating Income of $255,763.; - Attractive Cap Rate: Features a 6.39% capitalization rate, indicating a solid return on investment.
More about this property
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