378 Route 518, Montgomery Twp NJ, 08558

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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