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Mixed Use Retail Manville 23-25 South Main Street, Manville, NJ 08835
Retail - Street
Mixed Use
Property Description
Mixed use retail and elevated office building located downtown Manville. Two retail spaces, each with full height basement that is also leaseable space. One is currently owner occupied operating as a furniture store, the second retail is fit-up as a wash and press and remote dry cleaning service, currently not operating, vacant. The second floor has four separate offices intentionally left vacant, leaving new owner freedom to do what they wish with this well built and maintained investment. Street parking and 5 spaces at rear of building and also directly behind the building is shared municipal parking.
Highlights
Pro-forma NOI based on current lease rates in the area for the owner occupied retail and three of four offices on the 2nd floor that are ready to be leased. The second retail space and one office upstairs need renovating. Manville zoning has changed, with the possibility of permitting residential on the second floor.
Full Address: 23-25 South Main Street, Manville, NJ 08835
Listing Type: FOR SALE
Status: Active
Building Class: C
Zoning: M-C
Region: E-NE
County: Somerset County
Use Type: Mixed Use Retail Office
Property ID: 4082095
Has Sewer: Yes
Has Water: Yes
Has Electric: Yes
Heating: Yes
Cooling: Yes
Has Gas: Yes
Clearance Height: 11
Building Construction: Cinderblock and Brick
Roof: Flat
Building Sf: 5000
Number Units: 6
Number Buildings: 1
Year Built: 1957
Year Renovation: 1996
Free Standing: Yes
Number Parking Spaces: 5
Cap Rate: 8.44
Tenancy Type: Multi-Tenant
Pro-forma NOI based on current lease rates in the area for the owner occupied retail and three of four offices on the 2nd floor that are ready to be leased. The second retail space and one office upstairs need renovating. Manville zoning has changed, with the possibility of permitting residential on the second floor.