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1375 Rt 23
Butler, NJ 07405
Butler Professional Building · Office Property For Sale
Executive Summary
A highly visible and accessible office building located in the heart of Butler. 7,914SF with ample on-site parking. Long time tenants with stable incomes. Convenient access to major highways, public transportation, shopping, dining, and local amenities.
Property Facts Under Contract
Sale Type
Investment
Property Type
Building Size
7,914 SF
Building Class
C
Year Built
1975
Price
$1,709,625 CAD
Price Per SF
$216.03 CAD
Cap Rate
5.50%
NOI
$94,029 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,957 SF
Slab To Slab
10’
Building FAR
0.34
Lot Size
0.54 AC
Zoning
HC, Butler Boro
Parking
35 Spaces (4.42 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
Property Taxes
| Parcel Number | 03-00067-0000-00005 | Improvements Assessment | $1,234,486 CAD |
| Land Assessment | $408,532 CAD | Total Assessment | $1,643,018 CAD |
Property Taxes
Parcel Number
03-00067-0000-00005
Land Assessment
$408,532 CAD
Improvements Assessment
$1,234,486 CAD
Total Assessment
$1,643,018 CAD
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