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947 State Route 206 947 Route 206 10,301 SF Vacant Office Building Princeton, NJ 08540 $2,760,740 CAD ($268.01 CAD/SF) 8.48% Cap Rate
Investment Highlights
- Freestanding Commercial Building on Route 206 in Highly Desired Princeton Area
- Ideal for User Investor
- Abundance of Parking with 54 Parking Spaces Onsite
Executive Summary
947 State Road, Princeton
+/- 10,301 SF Two-Story Freestanding Retail / Professional Office Building for Sale.
Ideal for User / Investor.
Asking Price: $2,000,000.00 ($194 PSF)
Proforma NOI: $163,444.59
Proforma CAP: 8.17%
Currently 33% Occupied - Up to 6,901 SF available for User.
Please inquire further for financials.
- Roof is approximately 6 years old.
- 7 HVAC Units.
- 54 Total Parking Spaces Onsite.
- HC - Highway Commercial Zoning.
The property is located on heavily traveled Route 206 in Princeton.
Please inquire further for financials, rent roll proforma, and operating expenses.
Matt Miller
Cell: 908-770-0686
Email: matt@legacyrealtynj.com
Logan Gurtman
Cell: 908-692-9890
Email: logan@legacyrealtynj.com
Property Facts
Amenities
- Natural Light
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
2 spaces available on the 1st floor 900 SF and 1,600 SF units which are contiguous to allow up to 2,500 SF of 1st floor space available. 900 SF space is currently occupied by Princeton Orthopaedic Assoc who is on Month-Month 1,600 SF is a vacant former salon. Asking rent is $22.00 PSF NNN. NNN's are approximately $10.54 PSF
270 SF - 5,301 SF available on the 2nd floor Asking Rent: $18 PSF NNN NNN Charges: $10.54 PSF
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 900-2,500 SF | Office/Retail | Full Build-Out | Now |
| 2nd Floor | 270-5,301 SF | Office/Medical | - | Now |
1st Floor
| Size |
| 900-2,500 SF |
| Space Use |
| Office/Retail |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
2nd Floor
| Size |
| 270-5,301 SF |
| Space Use |
| Office/Medical |
| Build-Out |
| - |
| Available |
| Now |
1st Floor
| Size | 900-2,500 SF |
| Space Use | Office/Retail |
| Build-Out | Full Build-Out |
| Available | Now |
2 spaces available on the 1st floor 900 SF and 1,600 SF units which are contiguous to allow up to 2,500 SF of 1st floor space available. 900 SF space is currently occupied by Princeton Orthopaedic Assoc who is on Month-Month 1,600 SF is a vacant former salon. Asking rent is $22.00 PSF NNN. NNN's are approximately $10.54 PSF
2nd Floor
| Size | 270-5,301 SF |
| Space Use | Office/Medical |
| Build-Out | - |
| Available | Now |
270 SF - 5,301 SF available on the 2nd floor Asking Rent: $18 PSF NNN NNN Charges: $10.54 PSF
Property Taxes
| Parcel Number | 13-35002-0000-00008 | Improvements Assessment | $739,225 CAD |
| Land Assessment | $268,177 CAD | Total Assessment | $1,007,402 CAD |
Property Taxes
Presented by
947 State Route 206 | 947 Route 206
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