Homes for sale - 281 Summerhill RD, East Brunswick, NJ 08816

East Brunswick, NJ 08816,281 Summerhill RD

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Jeffrey Lee

cnjhometeam@gmail.com +1(732) 991-0315

$3,333,000

Est. payment - /mo

16,028 SqFt

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UPDATED:

06/20/2024 08:23 AM

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 16,028 sqft

Price per Sqft $207

MLS Listing ID 2413622R

Originating Board CJMLS API

Year Built 1975

Annual Tax Amount $56,099

Tax Year 2022

Lot Size 1.560 Acres

Acres 1.56

Lot Dimensions 0.00 x 0.00

Property Description

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.

Location

State NJ

County Middlesex

Zoning OP1

Interior

Heating Forced Air

Cooling Central Air

Flooring Carpet, Ceramic Tile, Composition Tile

Heat Source Natural Gas

Exterior

Utilities Available Electricity Connected, Natural Gas Connected

Roof Type Rubber

Total Parking Spaces 80

Building

Lot Description Highway Location

Story 2

Sewer Public Sewer

Water Public

Others

Senior Community no

Tax ID 040074100000000101

Energy Description Natural Gas

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Listed by DAVIS REALTORS

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Jeffrey Lee

+1(732) 991-0315

Broker Associate - Team Leader | License ID: 0683786

Broker Associate - Team Leader License ID: 0683786

281 Summerhill RD East Brunswick, NJ 08816

Jeffrey Lee

Jeffrey Lee

Key Details

Location

Interior

Exterior

Building

Others

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281 Summerhill RD