This commercial property presents a strong income opportunity, generating $345,000 annually after expenses(NOI Sheet attached), and is priced at an 8.4% capitalization rate. It requires minimal maintenance.
Property features two buildings rented to seven commercial and residential tenants. a fully occupied truck parking lot with 65 long-term and 5 short-term rental spaces, plus potential for expansion. Located close to Exit 126 on Route 17, with easy access for trucks. 4.1 Commercial acres approved to build for EV chargers, zoning also allowed Industrial for warehouse! Seller financing is available!
This property can be combined with the adjacent 4430 Route 94 for enhanced income and development opportunities.