Current Use by Public Records
- Retail properties & Spaces
Property Details for 56 Us-130
- Property type
- Retail properties & Spaces
- Property subtype
- Office Spaces
Description
This exceptional 2,800 square foot mixed-use property, located at 56 US-130 in Bordentown, NJ, presents a compelling investment opportunity. Currently leased at $3,250 per month to a single tenant until December 2025, with three one-year extension options, this property boasts a 100% occupancy rate and a strong net operating income (NOI) of $28,000, yielding a 6.67% cap rate. The asking price is $420,000, translating to $150 per square foot. Completely renovated in 2014 down to the cinder block walls, this single-story building features a reception area, office space with a half bath and break area, a separate full bath, a maintenance bay with an automatic overhead door, and a storage bay with a manual overhead door. The property includes ample onsite parking and excellent visibility due to its location on the southbound side of Route 130. Connected to public sewer in 2019, this highway commercially zoned property offers flexibility for a variety of uses. The building's layout includes a 16'x48' reception/front storage area, a 19'x35' office with break area, a 16'x48' maintenance bay with 11' ceilings and a 9' automatic overhead door, and a 20'x28' storage bay with an 8' manual door. This is a turnkey investment with a long-term, stable tenant and significant upside potential.
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
- Fieldsboro
- County
- Burlington
- State
- New Jersey
- Longitude
- -74.6893
- Latitude
- 40.1656
