Sold
378 Route 518
Montgomery Twp NJ, 08558
$4,145,000
$187.72 per sqft
Sold
22,081 sqft
Commercial
Built in 2005
UNBELIEVABLE: MIXED USE INVESTMENT OPPORTUNITY, BUILT IN 2005 ON 3.93 ACRES AT A SIGNALIZED INTERSECTION ON RT 518 IN SKILLMAN NJ, A PRINCETON NORTH SUBMARKET FEATURING 21 UNITS, 12 - ONE BEDROOM APARTMENTS AND NINE RETAIL SUITES. PROPERTY BUILT AND MANAGED BY NJ AWARD WINNING PREMIER BUILDER COUNTRY CLASSICS. ADDITIONAL PAD-SITE INCLUDED WITH POTENTIAL FOR 5520 SF MIX-USE BUILDING. PROPERTY FULLY LEASE, NOI $281,209 CAP RATE 6 % THIS MIXED - USE ASSET IS METICULOUSLY KEPT AND MANAGE FOR A TURN -KEY INVESTMENT ALONG WITH A PAD-SITE VALUE- ADD OPPORTUNITY!!
3784575
MLSⓇ ID
May 9, 2024
Updated
Map
378 Route 518
Montgomery Twp NJ, 08558
Interior Features
Total Stories
2
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Coal
Exterior/Building Features
Lot Size
3.35 Acres
Lot Features
Corner Lot, Level
Roof
Asphalt
Sewer
Public Sewer
Other Property Details
Taxes
$66,827
Tax Frequency
Annually
Garage
No
Parking Total
85
View
No
County
Somerset
Water Source
Public
Pool
No
Zoning
MIXED-USE
Courtesy of BHHS - NEW JERSEY PROPERTIES with TIM DELUCCIA,
Listing Contact: 9089386405
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