1491-95 Main St
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1491-95 Main St
4,545 SF 100% Leased Retail Building Rahway, NJ 07065 £782,411 (£172/SF)
Investment Highlights
- Prime business & shopping area with heavy foot traffic, the building includes 8 parking spots and large basement
- Note: All equipment is for sale and is ideal for restaurant use.
Executive Summary
Excellent opportunity for owner use tenancy or investment. This brick/stucco building (approximately 4,545 sq. ft.) is located in the prime business and shopping areas of Rahway. The building consists of two stores: the left store offers offices, a restroom, central heating and cooling, and a sizable basement. The right store, currently used by the owner for storage, offers 3 offices, 2 restrooms, and a larger basement. It also has existing piping and can be converted to central heating and cooling. Perfect for all types of business use, the property includes 8 parking spaces in the back! This solid, clean structure is one of a kind for your business and is just minutes from all major highways, efficient transportation, and logistics. The building will be delivered vacant and in broom-swept condition.
Taxes & Operating Expenses (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
Taxes & Operating Expenses (Actual - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
4,545 SF
Building Class
C
Year Built/Renovated
1940/2003
Price
£782,411
Price Per SF
£172
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.60
Land Acres
0.17 AC
Opportunity Zone
Yes
Parking
8 Spaces (1.76 Spaces per 1,000 SF Leased)
Frontage
45 ft on Main Street
Amenities
- Storage Space
- Air Conditioning
- Smoke Detector
Walk Score ®
Very Walkable (88)
PROPERTY TAXES
| Parcel Number | 13-00320-0000-00013 | Total Assessment | £148,744 |
| Land Assessment | £44,991 | Annual Taxes | -£4,545 (-£1.00/sf) |
| Improvements Assessment | £103,753 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
13-00320-0000-00013
Land Assessment
£44,991
Improvements Assessment
£103,753
Total Assessment
£148,744
Annual Taxes
-£4,545 (-£1.00/sf)
Tax Year
2024
-
Fang Schreck -
United Real Estate
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1491-95 Main St
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