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1 State Rt 94 4,780 SF 100% Leased Retail Building Vernon, NJ 07462 $802,613 CAD ($167.91 CAD/SF)
Investment Highlights
- Sits directly on highly trafficked local parkway.
Executive Summary
Great Investment Opportunity! High Visibility Office Space Available With 2 Current Long Time Tenants! Bring Your Business to This Highly Desirable Location! Available Office Space Is Turn Key!
Agent Remarks: Current rental income from lower tenant is $2,700 per month and upstairs a$1,300. Total yearly income of $48,000. Projection of rent on vacant office space is $1650 per month for at total yearly income of $67,800. Current M to M rentals are grossly under priced with no rent increase over 5 Yrs.
Agent Remarks: Current rental income from lower tenant is $2,700 per month and upstairs a$1,300. Total yearly income of $48,000. Projection of rent on vacant office space is $1650 per month for at total yearly income of $67,800. Current M to M rentals are grossly under priced with no rent increase over 5 Yrs.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,780 SF
Building Class
C
Year Built
1985
Price
$802,613 CAD
Price Per SF
$167.91 CAD
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.23
Lot Size
0.47 AC
Zoning
PLC - Planned Living Community
Property Taxes
| Parcel Number | 22-00263-0000-00001-03 | Improvements Assessment | $520,147 CAD |
| Land Assessment | $187,366 CAD | Total Assessment | $707,514 CAD |
Property Taxes
Parcel Number
22-00263-0000-00001-03
Land Assessment
$187,366 CAD
Improvements Assessment
$520,147 CAD
Total Assessment
$707,514 CAD
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1 State Rt 94
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