287 Amboy Ave, Metuchen, NJ 08840

4,572 SF | Retail Building | Metuchen, NJ 08840 | $2,250,000 ($492/SF)

Date Added:
September 16, 2024
Days on Market:
2 days

Asking Price $2,250,000

Property Type
Retail
Square Feet
4,572 SF
Price / Square Foot
$492

Listing Contacts

Justin Goodman
Justin Goodman
Verified Profile
Joseph Allegro
Joseph Allegro
Verified Profile
  • Property Info

Property Overview

Property Investment Highlights:
Prime Location: The building is situated in a highly desirable location on Amboy Ave, a prominent commercial corridor in Metuchen, NJ. Its central position provides excellent visibility and easy access for both pedestrians and vehicles, ensuring a steady flow of potential customers and tenants.
Strong Rental Demand: Metuchen is a vibrant and thriving community with a high demand for commercial spaces. The property's prime location and proximity to residential neighborhoods, offices, and transportation hubs make it an attractive choice for businesses seeking to establish or expand their presence in the area, ensuring a consistent rental demand.
Income Potential: The property offers excellent income potential due to its current and future rental income streams. The existing tenant mix, coupled with the high demand for commercial spaces in the area, provides a stable income base with the opportunity for growth through lease renewals and new tenant leases.
Value-Add Opportunities: The property presents value-add opportunities for potential investors. With strategic renovations or improvements, there is a chance to enhance the building's aesthetics, functionality, and energy efficiency, attracting higher-quality tenants and potentially increasing rental rates, resulting in long-term appreciation and profitability.
Key Property and Location Points:
Building Features: The commercial building at 287 Amboy Ave boasts [mention notable features such as modern architecture, ample parking space, flexible floor plans, etc.]. These features contribute to its overall appeal and potential to accommodate a wide range of business types and industries.
Established Infrastructure: The property benefits from a well-developed infrastructure, including reliable utilities, efficient public transportation, and nearby amenities such as restaurants, retail centers, and recreational facilities. This infrastructure adds value to the property and enhances its attractiveness for both tenants and customers.
Proximity to Transportation: The property's location offers convenient access to major transportation routes, including [mention specific highways or public transportation options]. This accessibility makes it easy for employees, customers, and suppliers to reach the building, further increasing its appeal and marketability.
Thriving Metuchen Community: Metuchen is a vibrant community known for its strong sense of community, cultural events, and local businesses. The town's vibrant atmosphere and growing population contribute to the property's potential for sustained success, with a built-in customer base and opportunities for local partnerships.

Property Details

Class
C
Year Built
1950
Stories
1
Property Subtype
Freestanding, Showroom, Storefront Retail/Office, Medical
Lot Size (sq. ft)
14,810 SF

Highlights

  • 25 On-site Parking spaces
  • Great Demographics & Daytime Emplopyment
  • Close Proximity to Mass Transportation and Major Highways

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