Property
Warren Twp., NJ 07059 258 King George Rd
$4,000,000
23 more
Presented By: BHHS FOX & ROACH
Full/Half Baths • 0 / 7- SQFT • 14,500
- Garage • 57
Full/Half Baths • 0 / 7
SQFT • 14,500
Garage • 57Home Details
UNBELIEVABLE: 100% OCCUPIED TROPHY ASSET! WELL-MAINTAINED 14,500 SF BUILDING IN BEAUTIFUL WARREN TOWNSHIP (SOMERSET COUNTY). 1ST FLOOR (MAIN BUILDING) OCCUPIED BY DANCE SCHOOL, 2ND FLOOR (MAIN BUILDING) OCCUPIED BY MONTESSORI SCHOOL. ANNEX OCCUPIED BY MUSIC SCHOOL. ALL TENANTS ARE WELL ESTABLISHED AND HAVE MULTI-YEAR LEASES W/ RENEWALS. MANY RECENT UPDATES! MINUTES FROM EXIT 36 ON I-78 EXCELLENT INVESTMENT OPPORTUNITY: NOI : $255,763 6.39 CAP RATE
Presented By: BHHS FOX & ROACH
Interior Features for 258 King George Rd
Bathrooms
Half Baths7
Other Interior Features
Price Per Sq Ft275.86
Available Sq Ft14500
FlooringCarpeting, See Remarks, Tile, Vinyl-Linoleum
Fuel TypeGas-Natural
Total Stories2
General for 258 King George Rd
Cap Rate6.39
ConstructionBrick/Block, Metal Frame
Cooling4+ Units, Central Air
CountySomerset
DirectionsI-78 TO EXIT 36, SOUTH ON KING GEORGE RD. TO SIGN
Documents AvailableBuilding Plans, Income & Expenses, Leases, Survey
DriveBlacktop, Parking Lot-Shared, See Remarks
EasementUnknown
Equipment AvailableFire Alarm, Restrooms - Private, Restrooms - Public, Sign - Freestanding, Smoke Detector, Sprinkler System
Farm AssessmentNo
Garage Spaces57
Gross Income363436
Heating4+ Units, Forced Hot Air
Leasable Area14500
LocationBusiness District, Freestanding
Net Operating Income255763
Number Of Units Total3
Operating Expense94449
OwnershipFee Simple
Permitted UseOFFICE/RETAIL
PossessionIN AGREEMENT
Prior UseRETAIL/OFFICE
Property TypeFree Standing Office, Office Building Complex, Office/Retail
Property TypeOffcFStd
RoofAsphalt Shingle
ServicesCable TV, Internet Available
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount63962
Tax Assessed Value3581000
Tax Lot5
Tax Year2024
Town #2720
TownshipWarren Twp.
UtilitiesElectric, Gas-Natural
Utilities Paid ByTenant
Year Built1996
ZoningBR40
Exterior for 258 King George Rd
Building Area Total14500
Exterior DescriptionBrick/Block
Lot Dimensions2.70
Lot FeaturesLevel Lot
Lot Size Acres2.70
Max Ceiling Height9
Max Door Height7
Number of Bays0
Number of Docks0
Water SourcePublic Water
Additional Details
Price History
Brian Lee
Associate