Saint Georges AveRahway, NJ 07065

Property Details for Saint Georges Ave

Year built

1900

Lot size

0.16 AC

Property type

Other commercial real estate

Description

This exceptional investment opportunity presents a renovated professional building situated on a 0.16-acre lot in a high-visibility location on Saint Georges Avenue, Rahway, NJ. The property, boasting a strong lease history, is currently under lease until June 30th, 2026, with a five-year renewal option, ensuring a consistent income stream for the investor. Renovated in 2011, the building features modern amenities including a two-zone heating and central air conditioning system, contributing to both tenant comfort and operational efficiency. A recent professional appraisal has been conducted, further solidifying the property's value and investment potential. The building offers a compelling return for investors, with a projected cap rate of 8.9%. This property is an ideal addition to any commercial real estate portfolio, providing both immediate income and long-term growth prospects. The prime location on Saint Georges Avenue ensures high visibility and accessibility, making it an attractive proposition for a wide range of businesses. The existing lease agreement and renewal option provide stability and predictability, minimizing risk and maximizing returns. This is a rare opportunity to acquire a well-maintained, high-performing commercial property in a desirable location. Serious inquiries are encouraged.

Location Insight

City

Rahway

County

Union

State

New Jersey

Latitude

40.5919

Longitude

-74.2908

FAQs

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