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    OFF-MARKET
    Commercial real estate

    2727 State Rt 23, Newfoundland, NJ 07435-1472

    0.95 ac lot Built 1972
    Entity Owned 34-yr Hold ~ Est. High Equity
    Property ID
    US59-1618732
    Property summary
    AI-generated overview

    This exceptional 0.95-acre commercial property, located at 2727 State Route 23, Unit 1, Newfoundland, NJ, presents a unique opportunity for a variety of businesses. The high-visibility corner unit boasts two convenient entrances, making it easily accessible to customers. The interior offers versatile space, perfect for either a single open floor plan or the creation of private suites with a dedicated reception area. A private restroom is included for added convenience. Recent upgrades include newer laminate flooring and a brand-new HVAC unit, ensuring a comfortable and modern workspace. The property's strategic location offers easy on/off access to Route 23, both north and south. Ample parking is available for tenants and customers. This thriving commercial center is anchored by a bank and post office, and is home to a diverse range of businesses including a vision center, deli, spa, vape shop, and medical and professional offices. The asking price is $1300 (monthly rent presumably, but this is not explicitly stated in the source material). This move-in ready space is an excellent opportunity for a business seeking a high-traffic location with strong neighboring businesses.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1972
    Lot 0.95 ac (41,338 SF)
    APN 15 14605-0000-00002
    UPID US59-1618732
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Lakeland Plaza Management INC · 34 yrs held
    Lakeland Plaza Management INC
    since 1991
    2 recorded transactions
    1991
    $500,000
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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