732-865-5803
476 Main St, Metuchen, NJ for Sale
Storefront Retail/Residential - FOR SALE
1/20
null | Request Cap Rate

476 Main St
Metuchen, NJ 08840


HIGHLIGHTS

  • -Adjacent properties occupying Metuchen's busiest intersection
  • -Significant upside in retail and residential income
  • -Comparable apartments renting at 40% premium to portfolio avg.
  • -Comparable retail sites renting at 50% premium to portfolio avg.
  • -Fully Occupied & Well Maintained
  • -Private onsite parking

OVERVIEW

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.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

476 Main St & 507 Middlesex Ave, Metuchen, NJ

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

B1

APN/PARCEL ID

09-00117-0000-00059

ASK ABOUT THIS PROPERTY

James McConnellRedwood Realty AdvisorsMore Info
732-865-5803

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James McConnellRedwood Realty AdvisorsMore Info
732-865-5803

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