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Naeem Boucher

naeem@naeemboucherproperties.com +1(973) 265-9068

$ 610,000

Est. payment -/mo

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Active

1595 Lincoln Hwy Rt.27 Edison, NJ 08817

1,614 SqFt

UPDATED:

08/13/2024 06:57 PM

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 1,614 sqft

Price per Sqft $377

MLS Listing ID 2413019R

Originating Board CJMLS API

Year Built 1922

Annual Tax Amount $9,038

Tax Year 2023

Lot Size 5,000 Sqft

Acres 0.1148

Lot Dimensions 100.00 x 50.00

Property Description

Welcome to this exceptional investment opportunity located in the vibrant business district of Edison! This standalone mixed-use building boasts a coveted position, a fully rented income stream, and promising future prospects. It's a rare find on Rt. 27, surrounded by heavy commuter traffic, offering high visibility and proximity to Hmart, restaurants, shops, the train station, and Turnpike/GSP/Rt 1. The first floor is a popular rice cake catering establishment with a secure long-term lease. The second floor accommodates an upscale beauty salon. Both units are currently occupied by reliable tenants. This property has undergone recent enhancements, including a new roof, expanded electric panel/wiring, driveway, meter boxes, sump pumps, water heater, and heating system. Furthermore, it features a spacious fenced-in parking lot at the rear of the building, capable of accommodating approximately 8 vehicles. There is a walkout basement that provides ample storage space. Whether you are an investor or a business owner seeking a profitable opportunity, this property is well-suited to meet your needs. Seize the opportunity to own a part of the thriving Edison community with this fully occupied mixed-use property. Visualize the various possibilities and growth potential for your investment in this dynamic and conveniently situated real estate.Buyers should perform their reviews and due diligence for other possible uses.

Location

State NJ

County Middlesex

Zoning GB

Interior

Heating Zoned, Forced Air

Cooling Central Air, Zoned

Flooring Ceramic Tile, Laminate, See Remarks, Tile

Heat Source Natural Gas

Exterior

Utilities Available Electricity Connected, Natural Gas Connected, See Remarks

Roof Type Asphalt,See Remarks

Parking Type Parking Lot, Driveway, Enclosed, On Site, See Remarks

Total Parking Spaces 8

Building

Lot Description Business District, Commercial Area

Story 2

Sewer Public Sewer

Water Public

Others

Senior Community no

Tax ID 0500081000000004

Energy Description Natural Gas

Listed by EXP REALTY, LLC

Naeem Boucher

+1(973) 265-9068

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Naeem Boucher

Naeem Boucher

1595 Lincoln Hwy Rt.27 Edison, NJ 08817

Key Details

Location

Interior

Exterior

Building

Others

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1595 Lincoln Hwy Rt.27