Current Use by Public Records
- Warehouses
Property Details for 1035 Us-9
- Lot size
- 4.00 lot acres
- Property type
- Warehouses
- Property subtype
- Retail properties & Spaces
Description
This exceptional 15,000-square-foot commercial property in Howell Township, New Jersey, presents a lucrative investment opportunity. Situated on nearly four acres with 177 feet of frontage on US Highway 9, this high-visibility location ensures consistent traffic. The property boasts a 6% cap rate and a strong net operating income of $203,000, with a gross annual income of $250,000. The building, constructed in 1965, comprises two structures offering versatile space ideal for a variety of uses. The layout includes 12,000 square feet of warehouse space, 2,000 square feet of office space, and 5,000 square feet of industrial space, with an additional 1,000 square feet currently available. Amenities include 56 parking spaces, a three-car garage, a fenced lot, one loading dock, and excellent freeway visibility. The property is zoned HD-1 and features oil-based heating, public water and sewer, and 110-volt electric service. The property's strong financial performance, combined with its prime location and versatile space, makes it an attractive investment for discerning buyers. The tax ID number is 21-00144-0000-00123. Currently, the property is fully leased, offering immediate income generation. The property is offered at $3,999,999, representing a price per square foot of $266.67. This is a rare opportunity to acquire a high-performing commercial property in a desirable location.
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
- Howell Township
- County
- Monmouth
- State
- New Jersey
- Longitude
- -74.2548
- Latitude
- 40.2015
