Redwood Realty Advisors is pleased to present the listing of 476 Main St & 507 Middlesex Ave in Metuchen, New Jersey. The properties consist of 11 units across two adjacent buildings located at the busiest intersection of Downtown Metuchen's primary retail corridor.
Each building features a retail and residential component that is fully occupied, well maintained, and offers opportunities to capture significant upside via rental and other income increases. This upside has been clearly demonstrated in the market and can be viewed on Apartments.com, Zillow and other listing services, where comparable apartments are renting at a 40% premium to the portfolio average and where market retail rates stand at a 50% premium to the portfolio’s average retail rent.
Metuchen is an affluent, highly desirable New York City suburb with excellent accessibility and top-rated schools. It recently received extensive press coverage for its recognition by the National Trust for Historic Preservation as one of the three best main streets in America.
Please contact James McConnell of Redwood Realty Advisors for full property details and financials at 732-865-5803.