FOR SALE- ABOVE MARKET CAP RATE INVESTMENT PROPERTY

Investment - HUNTERDON

1072 US HIGHWAY 202-31, RINGOES, NJ 08551

For Sale $1,884,440.00
Property Details

1072 US HIGHWAY 202-31, RINGOES, NJ 08551

For Sale $1,884,440.00
Investment
Description

FOR SALE- ABOVE MARKET CAP RATE INVESTMENT- 6.75%. MONTHLY RENT OF $10,600.00 PER MONTH PROVIDES YEARLY INCOME OF $127,200/YEAR NNN. THIS PROPERTY CONSISTS OF A GAS STATION AND A THREE BAY REPAIR BUSINESS. LEASED THRU 3/2027 TO LEHIGH GAS. INCLUDES TWO FIVE-YEAR LEASE RENEWAL OPTIONS. SALE ALSO INCLUDES 7.8 ACRES OF LAND ZONED HO, HIGHWAY AND OFFICE ZONE, WHICH MAY PERMIT EXPANSION OR DEVELOPMENT.THIS OPPORTUNITY IS SITUATED IN HUNTERDON COUNTY ON HEAVILY TRAVELLED ROUTE 202-31 IN EAST AMWELL TOWNSHIP (RINGOES) AT THE INTERSECTION OF WERTSVILLE ROAD, A SIGNALIZED INTERSECTION. ACCESS TO PROPERTY CAN BE FROM WERTSVILLE ROAD OR HIGHWAY 202. THIS STATION HAS BEEN IN OPERATION AT THIS LOCATION FOR 50 YEARS.

BLOCK: 27.01, LOTS 32.01 ON THE TAX MAPS OF EAST AMWELL TOWNSHIP, NJ 08551

Additional Details
Taxes: 2021- $ 15,094.26
Occupancy: 100%
Zoning: HO- HIGHWAY AND OFFICE
Barry Zagnit
Sales Associate
(732) 613-8100 Office