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1010 Us-202 Branchburg, NJ 08876

Sponsored
For Sale
$2,800,000

High-yield retail investment opportunity.

Property size:
8,250 SF

Description

Added:
Dec 11, 2024
Days on Market:
391
This exceptional 8,250 square foot shopping center, located at 1010 US-202 in Branchburg, New Jersey (08876), presents a lucrative investment opportunity. Built in 1968 and extensively renovated in 2022, the property boasts 100% occupancy across six tenants, generating a strong net operating income (NOI) of $194,000 and a 6.93% capitalization rate. The asking price is $2,800,000, translating to $339.39 per square foot. Situated on a 1.15-acre lot, the single-story building offers 35 parking spaces. The property features rent bumps, ensuring future income growth. The zoning allows for expansion

Property Features for 1010 Us-202

General Information

Property type
Lifestyle centers
Square Feet
8,250 SF
Lot Size
50,094 SF

Building Details

Year Built/Renovated
1968/2022
Buildings
1
Stories
1
Units
8

HighLights

  • Excellent location, 8 minutes from Bridgewater Mall and numerous corporate offices and hotels.
  • Significant development potential: add two stories and construct 16 apartments.
Property Profile Location Intelligence

Current Use by Public Records

Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Branchburg
County
Somerset
State
New Jersey
Longitude
-74.691201
Latitude
40.5654499

FAQs

What type of property is this?
Lifestyle center - High-yield retail investment opportunity.
Where is this lifestyle center located?
The property is located at 1010 Us-202 Branchburg, NJ.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Excellent location, 8 minutes from Bridgewater Mall and numerous corporate offices and hotels.; Significant development potential: add two stories and construct 16 apartments.;
More about this property
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