16 Chestnut St - Office FOR SALE


Emerson, NJ 07630
$1,000,000 USD
201-341-5147
16 Chestnut St, Emerson, NJ for Sale
$1,000,000 USD
Office - FOR SALE
1/14
null | 7.1% Cap Rate

16 Chestnut St
Emerson, NJ 07630


HIGHLIGHTS

  • Ideal for continued office use or potential conversion/redevelopment, subject to local zoning regula
  • 18,000 Vehicle Per Day count on Kinderkamack Rd.
  • Close proximity to Starbucks, Stop & Shop, Dunkin Donuts, 7-Eleven , Auto Zone, M&T Bank, NJ Mike's Subs.

OVERVIEW

Excellent investment opportunity! This well-maintained office building, located in the vibrant community of Emerson. Spanning an impressive 6,138 square feet, the property is currently occupied by 21 diverse tenants, ensuring a steady stream of rental income. The building’s presence in a redevelopment zone presents significant opportunities for future enhancement or transformation. Emerson’s ongoing revitalization efforts make this property a strategic investment for those looking to capitalize on the area's growth.

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$163 USD /SF

CAP RATE

7.1%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Loft/Creative Space, Office/Residential, Industrial Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

RC, Emerson Boro.

APN/PARCEL ID

14-00214-0000-00005-02

ASK ABOUT THIS PROPERTY

Alex MouzakitisAlexander Anderson Real Estate GroupMore Info
201-341-5147

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Alex MouzakitisAlexander Anderson Real Estate GroupMore Info
201-341-5147

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.