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0 Baths
16,028 sqft

$3,100,000

281 Summerhill Road, East Brunswick NJ, 08816

Price per sqft$193.41
Built in1975
Property size16,028 sqft
Property typeCommercial

Overview

Sold

Closed

Listed Jun 20, 2024

Updated May 29

FOR SALE: Freestanding 16,028 SF Office Building on 1.56 Acres. 281 Summerhill Rd. Presents a unique opportunity to purchase a fully leased and cash-flowing investment property in East Brunswick, NJ. The property is located at the intersection of Summerhill Rd, Ryders Lane, and Rues Lane, and is across from the Brunswick Square Mall. It is minutes from Routes 18, 9, and 516, with quick access to the NJTP Exit 9. The property is an ideal investment opportunity with stable leases in place and recent capital improvements completed. There are a total of 16 Tenant Spaces, which are all currently leased. The tenants are a mixture of medical, dental, and professional users. Spaces range in size from approx. 500SF- 2,000SF. The property is easy to manage and provides consistent and stable income. Ideal for any investor or 1031 exchange. Property Features: 16,028 SF on 2 Levels 1.56 Acres with two entrances from Summerhill Rd and one from Ryders Lane. Parking for +80 Cars On-Site 16 Tenant Spaces which are all leased Improvements: Newer Roof, Upgraded HVAC and LED Parking Lights Potential to Expand Existing Building by another 5K SF Private Bathrooms in Each Space Zoned OPC2 (Office Professional) permits all office and medical uses. Real Estate Taxes: $56,322 per year Asking $3,333,000 Investment details including rent roll and income/ expenses available upon request. Please contact Broker for more information or to schedule a site visit.

Additional information

MLS® ID
2413622R

Interior Features

Bathrooms
0
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
1.56 Acres

Other Property Details

Taxes
$56,099
Tax Frequency
Annually

Courtesy of DAVIS REALTORS with BRIAN T. WALSH,
Listing Contact:  

 

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