1361 Saint Georges AveRahway, NJ 07065

Property Details for 1361 Saint Georges Ave

Year built

1900

Lot size

0.16 AC

Property size (Sq ft)

1,962 SF

Property type

Other commercial real estate

APN

13 00168-0000-00025

APU

1300168000000025

Description

This exceptional Rahway, NJ office building presents a compelling investment opportunity. Located at 1361 Saint Georges Ave, Unit 0, the property boasts 2,403 square feet of meticulously renovated space. A complete overhaul in 2011 ensures modern functionality and aesthetics. The building features a comfortable and efficient climate control system with two-zone central air conditioning and gas heating. Ample parking is available, accommodating ten vehicles, including one designated handicapped space. Further enhancing the building's appeal is the inclusion of a UVAngel air infiltration system, promoting a healthy and productive work environment. Currently leased until June 30th, 2026, with built-in renewal options, this property offers immediate cash flow and long-term stability. The attractive 8.9 cap rate underscores the significant return on investment potential. Situated on a 0.2-acre lot, this property provides a convenient and accessible location in the thriving Rahway market. This is an exceptional opportunity for investors seeking a strong, stable, and high-yielding asset. The current lease ensures immediate income, while the modern upgrades and desirable features guarantee long-term value and potential for future appreciation. Don't miss this chance to acquire a prime commercial property in a dynamic location.

• Alternative Use

  Use

  Valuation

  Residential

  $371,287

  Hospitality

  $340,097

  Educational

  $282,957

  Medical

  $292,688

  Retail

  $440,155

Location Insight

City

Rahway

County

Union

State

New Jersey

Latitude

40.612

Longitude

-74.2858

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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