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CVS/Pharmacy & Best Buy Liquors 4 & 14 State Route 36

14,000 SF 100% Leased Retail Building Hazlet, NJ 07730 For Sale

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Investment Highlights

Strong demographics with $113k average household income within a 3 mile range.

Executive Summary

100% occupied two-tenant retail asset with potential for additional 2nd floor professional space. Hard Corner Intersection on Route 36 with more than 29,000 VPD. 2nd floor vacancy creates upside value. 4,500 sf liquor store space leased until 12/31/2024.

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Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Drug Store

Building Size

14,000 SF

Building Class

Year Built

1930

Percent Leased

100%

Tenancy

Multiple

Number of Floors

Building FAR

0.20

Land Acres

1.58 AC

Zoning

N/Av

Parking

50 Spaces (3.6 Spaces per 1,000 SF Leased)

Frontage

247 ft on Route 36

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Walk Score ®

Very Walkable (74)

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measures access to public transit. Bike Score®

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PROPERTY TAXES

Parcel Number	18-00149-0000-00001	Improvements Assessment	£912,269
Land Assessment	£678,593	Total Assessment	£1,590,862

PROPERTY TAXES

Parcel Number

18-00149-0000-00001

Land Assessment

£678,593

Improvements Assessment

£912,269

Total Assessment

£1,590,862

John Longo
Scott Savastano
Blau & Berg Co.

(908) 803-1876

Listing ID: 27819256
Date on Market: 23/02/2023
Last Updated:
Address: 4 & 14 State Route 36, Hazlet, NJ 07730

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