515 Church St Bound Brook, NJ 08805

This exceptional four-unit medical office building, located at 515 Church Street in Bound Brook, New Jersey, presents a compelling investment opportunity. Situated on a prominent corner lot, the property boasts abundant parking, a significant advantage in this highly desirable area. Currently, 90% of the building is leased, with one unit available for immediate occupancy, providing immediate income and potential for future growth. The building's prime location offers easy access to major transportation arteries, including Routes 28, 22, and I-287, as well as the proximity to RWJ University Hospital Somerset. This strategic positioning ensures high visibility and convenient access for both patients and staff. The projected Net Operating Income (NOI), once the vacant unit is leased, is $103,068, representing a 7% capitalization rate. This makes it an ideal investment for those seeking a strong return on investment in a stable market. The property is suitable for both investors seeking a high-yield asset and owner-users looking for a well-established medical or general office space. The asking price for this exceptional property is $1,500,000. The building's strong occupancy rate, prime location, and projected NOI make it a truly attractive proposition in the competitive New Jersey commercial real estate market. The property is located in Somerset County, New Jersey, zip code 08805.