Current Use by Public Records
- Commercial real estate
Property Details for 28 Old Hwy
- Year built
- 1925
- Lot size
- 0.33 lot acres
- Property type
- Commercial real estate
Description
This exceptional commercial property, located on Old Highway 28 in Readington, New Jersey, presents a unique investment opportunity. Situated on a 0.33-acre lot, this general commercial space offers significant flexibility. The building's design allows for subdivision into two separate units, providing potential for multiple tenants or expansion based on individual business needs. The property is priced at $15 million, representing a compelling value in the thriving Readington market. This is a triple-net lease arrangement, meaning the tenant is responsible for all operating expenses, including common area maintenance (CAM), property taxes, and utilities. This structure simplifies the landlord's responsibilities and provides predictable income streams. The absence of CAM charges further enhances the attractiveness of this investment. The property's location on Old Highway 28 offers excellent visibility and accessibility, making it an ideal location for a variety of businesses. The flexible layout and straightforward lease terms make this property an attractive option for both established businesses seeking expansion and entrepreneurs looking to establish a new presence in Readington. The 0.33-acre lot provides ample space for parking and potential future development. This is a rare opportunity to acquire a well-positioned commercial property in a desirable location with significant upside potential. Serious inquiries are encouraged. The square footage is not currently specified and is available upon request.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Readington
- County
- Hunterdon
- State
- New Jersey
- Longitude
- -74.764
- Latitude
- 40.6223
