Three-Level Office
New
For Sale
$490,000
353 Main Street, Spotswood, NJ 08884
Commercial Sale, Spotswood, NJ
Property Size1,615 SF
Lot Size0.23 Acres
Price / SF$303.41
Days on Market2
Property Features for 353 Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
GC
Bathrooms
1
Half bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking
14
Interior features
Paneling
Lot features
Near Public Transit, Near Shopping, Business District, Commercial Area
Directions
Intersection of Main Street and Summerhill rd.
Standard status
Active
APN
2400108000000035
Size
1,615 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
12161
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Forced Air
Cooling system
Central Air, Window Unit(s)
Water source
Public
Building Details
Year built
1933
Floors in Building
3
Flooring type
Tile - Ceramic, Carpet, Paneling, Wood
Building materials
Vinyl Siding, Wood Siding
Roof type
Composition
Listing Agency:
MID-STATE REALTY
(732) 251-8900
Listed By:
Anil Sharma
(845) 489-5199
Added: Oct 5
Last Checked: Oct 6 at 2:06PM
MLS# 2705747R
Copyright © 2026 All Jersey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The 1,615-square-foot office building has space across three levels. The main floor includes two offices totaling approximately 450 square feet and occupied by the owner. A lower-level suite has a reception area, half bath, and large office, currently leased to a Realtor. The upper floor offers two vacant offices totaling 500 square feet, along with a half bath and pantry. The property was built in 1933 and has 14 parking spaces.
Located on Main Street in Spotswood’s business district, the property is minutes from Route 18. It is zoned GC and is served by public water and sewer. Heating is electric with forced air; cooling includes central air and window units.
Located on Main Street in Spotswood’s business district, the property is minutes from Route 18. It is zoned GC and is served by public water and sewer. Heating is electric with forced air; cooling includes central air and window units.
Key Highlights
- 1,615‑square‑foot office building on 0.2295 acres
- 14 on‑site parking spaces
- GC zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,710
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$494,200
$494.2K
Cap Rate 7%
$353,000
$353.0K
Cap Rate 9%
$274,556
$274.6K
Market Conditions
NOI Build-Up for 1,615 SF
Gross rent
$48.5K $30.00/SF
− Vacancy
−$15.5K −$9.60/SF
EGI
$32.9K $20.40/SF
− OpEx
−$8.2K −$5.10/SF
NOI
$24.7K $15.30/SF
Area
Middlesex County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$494,200
Cap Rate 7%
$353,000
Cap Rate 9%
$274,556
Alternative Uses
Best Use
Office B
$353.0K
$308.9K – $411.8K
NOI $24,710 @ 7.0% cap · market cap 5.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$421.7K
$369.0K – $492.0K
NOI $29,520 @ 7.0% cap · market cap 6.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Office units
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office building - A mix of occupied and vacant office suites spans three levels, with parking available on site.
Where is this office building located?
The property is located at 353 Main Street Spotswood, NJ.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: 1,615‑square‑foot office building on 0.2295 acres; 14 on‑site parking spaces; GC zoning
