984 Us-9 Sayreville, NJ 08859
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Sayreville, NJ Office Building - Value-Add Opportunity
Property size:
10,000 SFProperty Features for 984 Us-9
General Information
- Property type
- Office Properties & Spaces
- Square Feet
- 10,000 SF
- Class
- C
- Lot Size
- 29,621 SF
Building Details
- Year Built
- 1950
- Buildings
- 1
- Stories
- 2
- Units
- 26
Listing Agency: Kroll Commercial Realty LLC Listing Agent: Adrian Kroll
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This two-story, 10,000 square foot office building in Sayreville, NJ, presents a compelling value-add investment opportunity. Situated on a 0.68-acre lot on prominent Route 9, the property boasts 26 tenants, providing diversified income streams. The building, constructed in 1950, features ample parking (43 spaces) and is zoned B3, allowing for potential redevelopment. Currently generating a NOI of $103,000 (5.72% cap rate), a pro-forma NOI of $115,000 (6.38% cap rate) is projected. The asking price is $1,800,000. All leases are short-term, offering immediate upside potential through rent increases or redevelopment. The property's location and zoning offer flexibility for various development scenarios, including constructing a new commercial structure or leasing land to a fast-food restaurant. This multi-tenant building minimizes risk and offers significant potential for increased profitability. The fee-simple ownership provides complete control and long-term growth opportunities.
Property Profile
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Location Insight
- Map
- Local Demand
- City
- Sayreville
- County
- Middlesex
- State
- New Jersey
- Longitude
- -74.295784724909
- Latitude
- 40.45825819822
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FAQs
What type of property is this?
Office Property / Space - Sayreville, NJ Office Building - Value-Add Opportunity
Where is this office property / space located?
The property is located at 984 Us-9 Sayreville, NJ.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Prominent Route 9 location in Sayreville.; Short-term leases offer immediate value-add potential.; Development opportunity: build a new commercial structure or lease land to a fast-food restaurant.
