984 Us-9Sayreville, NJ 08859

Property Details for 984 Us-9

Year built

1950

Lot size

0.68 AC

Property size (Sq ft)

10,000 SF

Property type

Office properties

Property subtype

Other office properties

Description

This two-story, 10,000 square foot office building in Sayreville, NJ, presents a compelling value-add investment opportunity. Situated on a 0.68-acre lot on prominent Route 9, the property boasts 26 tenants, providing diversified income streams. The building, constructed in 1950, features ample parking (43 spaces) and is zoned B3, allowing for potential redevelopment. Currently generating a NOI of $103,000 (5.72% cap rate), a pro-forma NOI of $115,000 (6.38% cap rate) is projected. The asking price is $1,800,000. All leases are short-term, offering immediate upside potential through rent increases or redevelopment. The property's location and zoning offer flexibility for various development scenarios, including constructing a new commercial structure or leasing land to a fast-food restaurant. This multi-tenant building minimizes risk and offers significant potential for increased profitability. The fee-simple ownership provides complete control and long-term growth opportunities.

Location Insight

City

Sayreville

County

Middlesex

State

New Jersey

Latitude

40.4583

Longitude

-74.2958

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].