1736-38 GLASSBORO ROAD A,B,C

WILLIAMSTOWN, NJ

Others for Sale - $515,000 - 1.17 acres

Century 21 Rauh & Johns

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Agent Info

NamePeter Sideris
CompanyCentury 21 Rauh & Johns

Property Info

CIMLS #1015178
Location1736-38 GLASSBORO ROAD A,B,C
WILLIAMSTOWN NJ 08094
Last UpdatedNovember 13th, 2018
TypeOthers
Price$515,000
Land1.17 acres
DemographicsView data

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Property Description

Attention Investors! This property is a money maker- Currently 11.2% CAP RATE with a potential of 14% once owner occupied unit is leased out! This property consists of 2 fully rented out buildings. Unit 1736 has 2 units, front is 3,400 sq ft and is leased out as a showroom for Irrigation company, rear unit is owner occupied (will be vacant for new owner) and is 2,400 sq ft. Building 1738 is a 3,500 sq ft building tenant occupied for over 12 years as a warehouse supply for the Irrigation company. Properties sit on over an acre of ground with parking in front and side lots for about 15 cars and a grass field in rear for added storage. In 2002 there were major improvements done to the property including: well, septic, 3 separate electric meters, 3 separate baths and 2 kitchenettes for the buildings. Unit 1736 has a 5 year old rubber roof and all the doors were replaced in 2001 including 2 steel roll up doors. Both units are in very good condition. Property has a brand new parking lot and the heat is now converted in one building to gas heat.


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