Perfect for User/Investor

Sold
Office Building
Sold
Property Address

2501 Route 516 ,
Old Bridge, NJ 08856

Perfect for User/Investor

Motivated Seller! Price has been reduced for 60 days (February 1, 2019 to March 31, 2019) from $1,500,000.00 to $1,200,000.00. 

Approx. 7,000 sf Class B office building on first & second floors with an additional approx. 3,500 sf in the lower level. A small portion of the lower level is currently being leased by a tenant. The balance of the lower level space in the basement also has 9+ ft. ceilings. Lot has an abundance of parking.

Location Description:
Located on highly traveled Route 516 within close proximity to Route 18, Route 9 and GSP. Building overlooks a beautiful pond and is very scenic.

Additional Details
Taxes: $35,700 (2017)
Occupancy: 79% on main level & 2nd floor
Tenancy Type: Multiple
Zoning: OG-1
Building Size: Approx. 7,000 SF on main level & 2nd floor
Lot Size: 1.11 Acres
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All individuals, parties, and/or entity are urged to verify all information and to conduct their own research and/or inspections including through appropriate third party independent professionals selected by such party. All financial data should be verified by the party including by consulting appropriate independent professionals. Kroll Commercial Realty, LLC, and/or any affiliated individual/party do not serve as a financial advisor of any nature. All data and assumptions regarding financial performance, including that used for financial modeling purposes, may not reflect actual performance. Parties must evaluate any applicable contractual and governmental limitations as well as market conditions, vacancy factors and other issues in order to determine rents from or for the property.

All matters, including but not limited to; legal, tax, title, insurance, financial, should be discussed with a legitimate professional in the relevant field. Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party with the following, but not limited to; appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed by Kroll Commercial Realty, LLC in compliance with all applicable fair housing and equal opportunity laws.

Each party shall conduct its own independent investigation and due diligence