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30861246
30861247

190 South St, Freehold, NJ 07728 For Sale

JA
NJ 1222112
$550,000
132 days on market
Updated 62 days ago

190 SOUTH STREET, FREEHOLD, NJ 07728

Details
Property Type Office
Sub Type Traditional Office
Square Footage 1,276
Cap Rate 11.05%
NOI $60,792
Pro-Forma Cap Rate 16.4%
Pro-Forma NOI $90,192
Price per SqFt $431
Year Built 1933
Year Renovated 2014

Office | Commercial Property in New Jersey with 15% Cap Rate

Investment highlights

In-Place Tenancy or Deliverable Vacant

The property may be delivered with a tenant in place generating rental income or vacant, offering flexibility for owner-users or investors.

Multiple Revenue Streams

Four office units allow for diversified rental income if wanted, rather than reliance on a single tenant, reducing vacancy risk.

Established Commercial Use

The property has a long history of commercial occupancy and was renovated in 2014, supporting continued office or service-based use.

Attractive Lot Coverage and Parking

Situated on a 0.20-acre parcel with 13 on-site parking spaces, the property is well suited for tenant operations and customer access.

Flexible Ownership Profile

Suitable for an investor seeking stabilized income or an owner-user looking to occupy a portion of the building while benefiting from rental income.

Below-Replacement Cost Characteristics

The existing improvements provide an opportunity to acquire functional commercial real estate without the costs and timelines associated with new construction.

Listing Contacts

JA
NJ 1222112

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$60,792.00
$5,066.00/mo

Valuation Metrics

0
DSCR
11.05%
Cap Rate
11.05%
ROI

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Additional Information

Name
Jamal Abu-Diab
License
1222112
Brokerage
Med Stream Realty, LLC
Brokerage Phone
(516) 715-1408
Brokerage Address
190 South Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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