1595 Lincoln Hwy Rt.27 Active Save Request In-Person Tour Request Virtual Tour
Edison,NJ 08817
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 1,614 sqft
Price per Sqft $377
MLS Listing ID 2413019R
Year Built 1922
Annual Tax Amount $9,038
Tax Year 2023
Lot Size 5,000 Sqft
Property Description
Welcome to this exceptional investment opportunity located in the vibrant business district of Edison! This standalone mixed-use building boasts a coveted position, a fully rented income stream, and promising future prospects. It's a rare find on Rt. 27, surrounded by heavy commuter traffic, offering high visibility and proximity to Hmart, restaurants, shops, the train station, and Turnpike/GSP/Rt 1. The first floor is a popular rice cake catering establishment with a secure long-term lease. The second floor accommodates an upscale beauty salon. Both units are currently occupied by reliable tenants. This property has undergone recent enhancements, including a new roof, expanded electric panel/wiring, driveway, meter boxes, sump pumps, water heater, and heating system. Furthermore, it features a spacious fenced-in parking lot at the rear of the building, capable of accommodating approximately 8 vehicles. There is a walkout basement that provides ample storage space. Whether you are an investor or a business owner seeking a profitable opportunity, this property is well-suited to meet your needs. Seize the opportunity to own a part of the thriving Edison community with this fully occupied mixed-use property. Visualize the various possibilities and growth potential for your investment in this dynamic and conveniently situated real estate.Buyers should perform their reviews and due diligence for other possible uses.
Location
State NJ
County Middlesex
Zoning GB
Interior
Heating Zoned,Forced Air
Cooling Central Air,Zoned
Flooring Ceramic Tile,Laminate,See Remarks,Tile
Exterior
Utilities Available Electricity Connected,Natural Gas Connected,See Remarks
Roof Type Asphalt,See Remarks
Building
Lot Description Business District,Commercial Area
Story 2
Sewer Public Sewer
Water Public