345 E Midland Ave - Service Station FOR SALE


Paramus, NJ 07652
$1,489,000 USD
551-206-7307
345 E Midland Ave, Paramus, NJ for Sale
$1,489,000 USD
Service Station - FOR SALE
1/12
null | 6% Cap Rate

345 E Midland Ave
Paramus, NJ 07652


HIGHLIGHTS

  • 2 NNN Tenants - Fully Leased 4+ Year Term Left
  • Tenant (1) Gas Station Biz - *Note- Office Space of Building is not part of Gas Station Biz- Available for Additional Rent as Convience Store, etc...
  • Tanks Relined Feb 2024 As Per NJ Regulations w/10 yr Warranty
  • Tenant (2) Garage & Rear Parking Area
  • Highly Traffic Road - Roughly 13,000 Cars Per Day
  • Parking for 15+ Vehicles

OVERVIEW

Prime Investment Opportunity – Fully Leased Commercial Property in Bergen County, NJ Exceptional income-generating property on an 11,500 SF lot with a 1,372 SF building and dual access points along a high-traffic road. Fully leased with 5-year triple-net (NNN) leases, ensuring minimal landlord responsibility and steady cash flow. -Tenant 1: Fuel station with three double-sided gas pumps and office space. -Tenant 2: Automotive service business with a two-bay garage and parking for 15+ vehicles.

FOR SALE DETAILS

PRICE

$1,489,000 USD

PRICE/SF

$1,085 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Citgo

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,500 SF

ZONING

R-75

APN/PARCEL ID

46-05808-0000-00006

ASK ABOUT THIS PROPERTY

Carol LopezReMax CommercialMore Info
551-206-7307

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Carol LopezReMax CommercialMore Info
551-206-7307

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