Building Details

Building Size 14,500 SF

Year Built 1996

Stories 2

Units 3

Listing Agency: BHHS FOX & ROACH t**@delucciacommercialgroup.com Show Phone

Listed By: TIM DELUCCIA · License #8243435

Source: Elliman

Added: Mar 11 Changed: Aug 21 Last Checked: Aug 24 at 10:40AM

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Investment Insights

Based on property information with market context.

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 of the main building 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. It is located minutes from Exit 36 on I-78. The Net Operating Income (NOI) is $255,763 with a 6.39% cap rate, presenting an excellent investment opportunity.

Key Highlights

• 100% Occupied Trophy Asset
• $255,763 Net Operating Income (NOI)
• 6.39% Cap Rate

Property Analytics

Property Profile

Current Use

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

Suggested Use

Top Pick Auto Parts Store Parking Lot & Garage Restaurant Law Firm Real Estate Agency Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

254

Businesses Nearby

Explore this area Business Placement

Demographics for 07059, NJ

16,096

Population

5,924

Households

2.7

Avg Household Size

47

Median Age

68%

College-Educated

97%

High-School Grad

19.7 sq mi

ZIP Area

817

Density / Sq Mi

$201,579

Median Household Income

$88,318

Median Earnings

$2,099

Median Rent

$899,200

Median Home Value

Questions? Ask Rey

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What type of property is this? Where is this schools located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

School - Fully occupied building with established tenants and multi-year leases.

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; $255,763 Net Operating Income (NOI); 6.39% Cap Rate