Route 1 Commercial
For Sale
Contact for pricing
226 Us 1 Highway, Edison, NJ 08817
Highly visible mixed-use property on Route 1 with income potential.
Property Size8,700 SF
Price / SF$229.89
Days on Market916
Property Features for 226 Us 1 Highway
General Information
Standard status
Active
Size
8,700 SF
Total Parking Spaces
23
Property subtype
Retail, Office
Zoning
GBH
Building Details
Stories
2
Listing Agency:
KELLER WILLIAMS CORNERSTONE
Listed By:
WEIYAN LAI
Source:
Crexi
Added: Apr 4, 2024
Changed: Sep 9
Last Checked: Oct 5 at 7:20PM
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 KELLER WILLIAMS CORNERSTONE
Investment Insights
Based on property information with market context.
This highly visible commercial property is located on heavily traveled Route 1 North. The two-story building accommodates a restaurant, bridal shop, barber shop, massage spa, and offices. The total area is around 8,700 square feet, with a high-ceiling basement of around 4,000 square feet. The property includes a recently coated and striped parking lot with 23-25 parking spaces. The annual gross income could be $186,720. The location offers excellent visibility and ample signage opportunities for exposure. The offices are suitable for professionals such as CPAs, attorneys, mortgage companies, insurance companies, title companies, and IT companies.
Key Highlights
- High visibility location on heavily traveled Route 1 North.
- Potential annual gross income of $186,720.
- Total of approximately 8,700 SF of commercial space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$142,115
Cap Rate
7.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,842,300
$2.8M
Cap Rate 7%
$2,030,214
$2.0M
Cap Rate 9%
$1,579,056
$1.6M
Market Conditions
NOI Build-Up for 8,700 SF
Gross rent
$229.7K $26.40/SF
− Vacancy
−$40.2K −$4.62/SF
EGI
$189.5K $21.78/SF
− OpEx
−$47.4K −$5.44/SF
NOI
$142.1K $16.33/SF
Area
Edison, NJ
Vacancy
17.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,842,300
Cap Rate 7%
$2,030,214
Cap Rate 9%
$1,579,056
Alternative Uses
Best Use
Office B
$2.03M
$1.78M – $2.37M
NOI $142,115 @ 7.0% cap · market cap 7.11%
Second Best
Specialty Retail
$1.99M
$1.74M – $2.32M
NOI $139,100 @ 7.0% cap · market cap 6.96%
Theoretical Best
Office A
$2.82M
$2.47M – $3.29M
NOI $197,374 @ 7.0% cap · market cap 9.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
928
Businesses Nearby
Explore this area
Business Placement
Demographics for 08817, NJ
48,243
Population
17,260
Households
2.8
Avg Household Size
37
Median Age
49%
College-Educated
91%
High-School Grad
10.6 sq mi
ZIP Area
4,551
Density / Sq Mi
$109,734
Median Household Income
$54,631
Median Earnings
$1,946
Median Rent
$411,100
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Highly visible mixed-use property on Route 1 with income potential.
Where is this mixed-use property located?
The property is located at 226 Us 1 Highway Edison, NJ.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: High visibility location on heavily traveled Route 1 North.; Potential annual gross income of $186,720.; Total of approximately 8,700 SF of commercial space.
