Two-Story Flex Building with
27 U.S HIGHWAY 46 Unit 1 Columbia, NJ 07832
For Sale
$899,000
Two-story flex property with a finished first floor, unfinished second floor, and a 30x75 metal frame garage.
Property Size3,360 SF
Price / SF$267.56
Days on Market118
Property Features for 27 U.S HIGHWAY 46 Unit 1
General Information
- Standard status
- Active
- Size
- 3,360 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1999
Listing Agency:
CASTELLO REALTY
(908) 838-9550
Listed By:
FRANK BOCCUZZI
Source:
Xome
Added: Mar 28
Changed: Jul 23
Last Checked: Jul 23 at 5:53PM
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 CASTELLO REALTY
Investment Insights
Based on property information with market context.
This two-story flex property includes a finished first floor ready for immediate use and an unfinished second floor that offers value-add flexibility. Electric and plumbing have already been permitted and installed for the second floor, supporting potential conversion to either residential apartment use or additional office suites. The exterior features a large asphalt parking area and a 30x75 metal frame garage with a concrete floor and oversized doors on both ends.
The site is a high-visibility corner lot on Route 46 N in the Commercial C-1 Zone, with a direct view of the Delaware River. The property is located less than a mile from I-80 and benefits from ongoing vehicle traffic, with a newly opened gas station and convenience store adjacent to the site.
With capacity to park over 30 vehicles and additional room to expand the current footprint or develop further, the property supports a range of practical commercial storage and work-focused uses.
The site is a high-visibility corner lot on Route 46 N in the Commercial C-1 Zone, with a direct view of the Delaware River. The property is located less than a mile from I-80 and benefits from ongoing vehicle traffic, with a newly opened gas station and convenience store adjacent to the site.
With capacity to park over 30 vehicles and additional room to expand the current footprint or develop further, the property supports a range of practical commercial storage and work-focused uses.
Key Highlights
- C‑1 zoned two‑story commercial/flex property with unfinished second floor for conversion or expansion.
- Situated on a 2.42‑acre corner lot on Route 46 N with highway access and a direct view of the Delaware River.
- Finished first floor is ready for immediate use; electric and plumbing are already permitted and installed for the second floor.
Financial Insights For Industrial
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 | $112.5k | $33.48 |
| − Vacancy | −$8.1k | −$2.41 |
| EGI | $104.4k | $31.07 |
| − OpEx | −$31.3k | −$9.32 |
| NOI | $73.1k | $21.75 |
3,360 SF · lease $33.48/SF/yr · vacancy 7.20% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$1.27M
$1.11M – $1.48M
NOI $88,734 @ 7.0% cap · market cap 9.87%
Second Best
Industrial
$1.04M
$913.4K – $1.22M
NOI $73,075 @ 7.0% cap · market cap 8.13%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
FAQs
What type of property is this?
Flex space - Two-story flex property with a finished first floor, unfinished second floor, and a 30x75 metal frame garage.
Where is this flex space located?
The property is located at 27 U.S HIGHWAY 46 Unit 1 Columbia, NJ.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: C‑1 zoned two‑story commercial/flex property with unfinished second floor for conversion or expansion.; Situated on a 2.42‑acre corner lot on Route 46 N with highway access and a direct view of the Delaware River.; Finished first floor is ready for immediate use; electric and plumbing are already permitted and installed for the second floor.
