1835 Highway 35 | Middletown, NJ 07748
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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
$8,302,122 CAD
Price Per SF
$282 CAD
Cap Rate
6.50%
NOI
$539,668 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
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 | $3,760,716 CAD |
| Land Assessment | $2,259,924 CAD | Total Assessment | $6,020,639 CAD |
PROPERTY TAXES
Parcel Number
32-00599-0000-00009
Land Assessment
$2,259,924 CAD
Improvements Assessment
$3,760,716 CAD
Total Assessment
$6,020,639 CAD
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