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1376 Nj-23 Butler, NJ 07405

OFF-MARKET Retail properties & Spaces Google Maps
Built 1980
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional 3,580 square foot retail space, located at 1376 NJ-23 in Butler, New Jersey (zip code 07405), presents a unique opportunity for businesses seeking high visibility and accessibility. Built in 1980, this single-story, freestanding building offers a fully built-out, flexible floor plan adaptable to various uses, including fitness centers, food preparation businesses, retail distribution centers, and personal service providers. The property boasts a highly visible monument sign, ensuring excellent brand exposure to the substantial traffic on Route 23. Ample parking is available, exceeding industry standards with a 7.37 spaces per 1,000 square feet ratio. Convenient overhead garage loading access further enhances operational efficiency. Currently, 3,580 square feet are available for immediate occupancy, with an additional 6,900 square feet vacant within the building. This end-cap location offers exceptional visibility and accessibility, making it an ideal choice for businesses aiming to establish a strong presence in a high-traffic area. The property is offered at a below-market price, representing a significant value proposition for discerning tenants. Don't miss this chance to secure a premium location at a discounted rate. The space is available for immediate occupancy.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1980

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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