Three-Unit Office
For Sale
$490,000
353 Main Street #A, Spotswood, NJ 08884
Commercial building in the Spotswood business district with a flexible office configuration.
Property Size1,615 SF
Price / SF$303.41
Days on Market66
Property Features for 353 Main Street #A
General Information
Standard status
Active
Size
1,615 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$12,878
Amenities
Central air
A-Frame Roof
Central Air Cooling
Forced Air Heating
Level
Shingle Roof
Wood Flooring
Building Details
Year Built
1933
Tenancy
Multi
Owner Occupied
No
Listing Agency:
MID-STATE REALTY
(732) 251-8900
Listed By:
JOHN PROFACI · License #9231545
(908) 692-5419
Source:
Corcoran
Added: Aug 22
Changed: Oct 25
Last Checked: Oct 24 at 4:37PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This three-unit office property contains approximately 1,615 square feet within a building constructed in 1933. The layout includes two private offices on the main level totaling approximately 500 square feet, with additional upper-level space identified in the property information. The configuration supports professional office occupancy and provides a compact commercial footprint for an owner-user or investor.
The property is located at 353 Main Street #A in Spotswood, New Jersey, within the Spotswood business district. Its central business-district setting and office-oriented layout provide a straightforward platform for commercial use.
The property is located at 353 Main Street #A in Spotswood, New Jersey, within the Spotswood business district. Its central business-district setting and office-oriented layout provide a straightforward platform for commercial use.
Key Highlights
- Three‑unit office property totaling approximately 1,615 square feet
- Two main‑level private offices totaling approximately 500 square feet
- Upper‑level space included in the building configuration
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.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
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
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Commercial building in the Spotswood business district with a flexible office configuration.
Where is this office unit located?
The property is located at 353 Main Street #A 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: Three‑unit office property totaling approximately 1,615 square feet; Two main‑level private offices totaling approximately 500 square feet; Upper‑level space included in the building configuration
