1361 St Georges Ave Rahway, NJ 07065
- Office Properties & Spaces
- 2,403 SF
- 7,056.00 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 1361 St Georges Ave
- Year built
- 1900
- Lot size
- 7,056.00 lot acres
- Property size
- 2,403 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Medical offices
Description
This Rahway, NJ medical office building presents a compelling investment opportunity. The 2,403 square foot, single-tenant property, located at 1361 St. Georges Ave, is currently 100% occupied under a triple-net (NNN) lease with Olin Dental Group, expiring June 29, 2026, with renewal options. The building, constructed in 1900 and extensively renovated in 2011, boasts 2 stories and sits on a 7,056-acre lot (APN: Blk 168 Lot 25). Features include 2-zone central air and gas heat, 10 parking spaces (including one handicapped space), and a UV Angel air purification system. The property offers a strong 8.9% cap rate, with a pro-forma cap rate of 8.97%, and a current NOI of $85,680. The asking price is $955,000, translating to $397.42 per square foot and $2,403 per square foot of land value. The property is zoned R-2. All financial documents are available for review. This turnkey investment is ideal for those seeking a stable, high-return asset in a desirable location.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Rahway
- County
- Union
- State
- New Jersey
- Longitude
- -74.2862
- Latitude
- 40.6121
