1010 Us-202Branchburg, NJ 08876

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Overview

Added:

Dec 11, 2024

Days on market:

93

This exceptional 8,250 square foot shopping center, located at 1010 US-202 in Branchburg, New Jersey (08876), presents a lucrative investment opportunity. Built in 1968 and extensively renovated in 2022, the property boasts 100% occupancy across six tenants, generating a strong net operating income (NOI) of $194,000 and a 6.93% capitalization rate. The asking price is $2,800,000, translating to $339.39 per square foot. Situated on a 1.15-acre lot, the single-story building offers 35 parking spaces. The property features rent bumps, ensuring future income growth. The zoning allows for expansion

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Highlights

• Excellent location, 8 minutes from Bridgewater Mall and numerous corporate offices and hotels.
• Significant development potential: add two stories and construct 16 apartments.

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Property Details for 1010 Us-202

Property type

Lifestyle centers, Power centers

Square Feet

8,250 SF

Year Built/Renovated

1968/2022

Buildings

1

Stories

1

Lot Size (sq. ft)

50,094 SF

Units

8

Location Insight

City

Branchburg

County

Somerset

State

New Jersey

Latitude

40.5654499

Longitude

-74.691201

1010 Us-202, Branchburg, New Jersey

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