This exceptional retail property, located at 801 Roosevelt Avenue in Carteret, New Jersey, presents a unique investment opportunity. The single-story, 14,002 square foot building, constructed in 1954, sits on a sizable lot in Middlesex County (zip code 07008). Currently, 7,536 square feet of space is available for lease. The existing tenant, Pep Boys, occupies the remaining space under a long-term ground lease and will continue its tire and auto repair operations. The previously used parts sales area is now vacant, offering a flexible space ranging from approximately 3,200 to 11,500 square feet, adaptable to a variety of uses. Ideal tenants could include medical facilities (dialysis or plasma centers), childcare centers, pet daycares, discount retailers, furniture stores, tool and hardware retailers, or automotive businesses that do not directly compete with the existing tenant's services, such as collision repair centers, auto glass shops, or specialized auto parts stores. Negotiable cash allowances are available for suitable tenants, contingent upon a rent structure that ensures a fair return on investment for property improvements. This property offers significant potential for growth and return in a thriving Carteret location.
Retail property - Prime Carteret Retail Space - 7,536 SF Available
Where is the retail property located?
The property is located at 801 Roosevelt Ave Carteret, NJ.
What are key features of this property?
This property features: High visibility from all directions.; Ample parking.; Located near national retailers.
How can I contact the broker?
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Roosevelt Ave Carteret, NJ 07008
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
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801 Roosevelt Ave
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