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137 Livingston Ave
New Brunswick, NJ 08901
Office Property For Sale
Investment Highlights
- Professional office with rental income
- Off-street parking
- Proximity to downtown New Brunswick
Executive Summary
This is an existing mixed use building for sale that has potential to be converted to a 4+ unit building! Eyebrows raise? Take out your notepad and listen to this! Situated in the heart of the famous Livingston Ave and located in the C3A Zone, you can go up to 7200 sqft on this lot without needing a FAR variance and up to 40 feet high! Currently a 2,000 square foot medical office space on the first floor (can be delivered vacant), a 3 bedroom apartment on the second floor (this floor also has two other offices that should be included with this space) and a two bedroom third floor apartment. The building has lots of potential with the right eye and operational expertise - ask the listing agent for ideas. Parking in the rear fits 7 cars and the basement is large and in good shape. Either increase the rents on the top 2 units and rent out the medical office space, or convert this into the 4 or 5 unit multi-family building of your dreams! Opportunity is knocking for the creative mind!
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
4,215 SF
Building Class
C
Year Built/Renovated
1900/2000
Price
$1,317,583 CAD
Price Per SF
$312.59 CAD
Cap Rate
6.65%
NOI
$87,619 CAD
Percent Leased
50%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
2,000 SF
Slab To Slab
14’
Building FAR
0.46
Lot Size
0.21 AC
Opportunity Zone
Yes
Zoning
C-3A - C-3A Community Office/Professional District
Parking
7 Spaces (3.5 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 13-00168-0000-00003 | Improvements Assessment | $284,929 CAD |
| Land Assessment | $444,982 CAD | Total Assessment | $729,911 CAD |
Property Taxes
Parcel Number
13-00168-0000-00003
Land Assessment
$444,982 CAD
Improvements Assessment
$284,929 CAD
Total Assessment
$729,911 CAD
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