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1835 Highway 35
Middletown, NJ 07748

Route 35 Strip Center · Retail Property For Sale

Investment Highlights

  • Over 35K vehicles/day on Route 35
  • Staggered lease expirations with rent increases
  • Anchored by Benjamin Moore Paints

PROPERTY FACTS Under Contract

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
29,411 SF
Building Class
C
Year Built
1956
Price
£4,582,810
Price Per SF
£156
Net Initial Yield
6.50%
NOI
£297,899
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.37
Lot Size
1.84 AC
Zoning
COMMERCIAL
Parking
50 Spaces (1.7 Spaces per 1,000 SF Leased)
Frontage
270 ft on Rt 35

Amenities

  • Freeway Visibility
  • Pylon Sign
  • Storage Space

PROPERTY TAXES

Parcel Number 32-00599-0000-00009 Improvements Assessment £2,088,516
Land Assessment £1,255,050 Total Assessment £3,343,565

PROPERTY TAXES

Parcel Number
32-00599-0000-00009
Land Assessment
£1,255,050
Improvements Assessment
£2,088,516
Total Assessment
£3,343,565
 

  • Listing ID: 32160789

  • Date on Market: 17/06/2024

  • Last Updated:

  • Address: 1835 Highway 35, Middletown, NJ 07748

The Retail Property at 1835 Highway 35, Middletown, NJ 07748 is currently available for sale. Contact Marcus & Millichap for more information.

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