Three-Unit Mixed-Use
For Sale
Contact for pricing
353 Main St, Spotswood, NJ 08884
Flexible commercial layout with office, retail, and service-oriented space across three levels.
Property Size1,615 SF
Price / SF$0.80
Days on Market56
Property Features for 353 Main St
General Information
Standard status
Active
Size
1,615 SF
Building Details
Year Built
1933
Listing Agency:
MID-STATE REALTY
Listed By:
ANIL SHARMA
(732) 251-8900
Source:
Thebansalteam
Added: Aug 22
Changed: Oct 5
Last Checked: Oct 7 at 2:36PM
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 MID-STATE REALTY
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Investment Insights
Based on property information with market context.
This 1,615-square-foot mixed-use property is arranged as three commercial units across three levels. The main floor includes two private offices totaling approximately 500 square feet. Another approximately 500-square-foot office area occupies the upper level and includes a half bath and pantry. The lower level provides roughly 450 square feet of open space with a reception area and half bath.
Located at 353 Main St in Spotswood, NJ, the property sits within the Spotswood business district. Its configuration includes separate office areas and an open-concept component that can support professional, retail, or service-oriented occupancy, subject to applicable requirements. The existing layout may accommodate owner occupancy, leasing of individual areas, or use by a single commercial occupant.
Located at 353 Main St in Spotswood, NJ, the property sits within the Spotswood business district. Its configuration includes separate office areas and an open-concept component that can support professional, retail, or service-oriented occupancy, subject to applicable requirements. The existing layout may accommodate owner occupancy, leasing of individual areas, or use by a single commercial occupant.
Key Highlights
- Three‑unit mixed‑use property totaling 1,615 square feet
- Main level has two private offices totaling approximately 500 sq ft
- Upper level provides approximately 500 sq ft with office space, half bath, and pantry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,974
Suggested Prices Based on Cap Rates
Cap Rate 5%
$279,480
$279.5K
Cap Rate 7%
$199,629
$199.6K
Cap Rate 9%
$155,267
$155.3K
Market Conditions
NOI Build-Up for 1,615 SF
Gross rent
$25.6K $15.84/SF
− Vacancy
−$3.2K −$2.00/SF
EGI
$22.4K $13.84/SF
− OpEx
−$8.4K −$5.19/SF
NOI
$14.0K $8.65/SF
Area
Middlesex County, NJ
Vacancy
12.60%
Lease Rate
$15.84 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$279,480
Cap Rate 7%
$199,629
Cap Rate 9%
$155,267
Alternative Uses
Best Use
Office B
$353.0K
$308.9K – $411.8K
NOI $24,710 @ 7.0% cap · market cap 1,900.77%
Second Best
Mixed Use
$199.6K
$174.7K – $232.9K
NOI $13,974 @ 7.0% cap · market cap 1,074.92%
Theoretical Best
Office A
$421.7K
$369.0K – $492.0K
NOI $29,520 @ 7.0% cap · market cap 2,270.77%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
434
Businesses Nearby
Explore this area
Business Placement
Demographics for 08884, NJ
8,185
Population
3,318
Households
2.5
Avg Household Size
45
Median Age
34%
College-Educated
91%
High-School Grad
2.3 sq mi
ZIP Area
3,559
Density / Sq Mi
$101,125
Median Household Income
$57,834
Median Earnings
$1,097
Median Rent
$358,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible commercial layout with office, retail, and service-oriented space across three levels.
Where is this mixed-use property located?
The property is located at 353 Main St Spotswood, NJ.
What are key features of this property?
This property features: Three‑unit mixed‑use property totaling 1,615 square feet; Main level has two private offices totaling approximately 500 sq ft; Upper level provides approximately 500 sq ft with office space, half bath, and pantry
