Southern New Jersey and Surrounding Areas

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1315 Harding Highway
Richland, NJ 08350
MLS# NJAC2006184 ID: 78529650
Property Description
Commercial - RICHLAND, NJ CAP RATE OVER 8%!!!Motivated Seller! Great Opportunity! If you are looking for office space for your company this location is Prime. Let the other units pay the insurance, taxes & mortgage. Building has total of 13,600 sq. ft., with 5,000 sq. ft still available in 4 separate units (one on first floor, three on second floor). There are two residential units which are fully rented and have been for years by the same tenants. Additional 3,000 sq. ft. of insulated storage space in the rear is also rented. Owner installed 5 new HVAC units. Unit above the print shop is under redevelopment now. Security cameras installed, 50 car parking lot recently sealed and repainted. Current Cap Rate is 8%, when fully rented, Cap Rate will be over 16%! Current Rent Roll available.
Property Features
Days On Market 155 days
Last Updated March 21, 2023
Market Status Available
Property Type Commercial
Year Built 1960
Approx. Lot Size .67 Acres
Building Features
Heating System Forced Air
Central Air
Exterior Features
Exterior Construction Block; Brick; Concrete Block; Stucco
Parking Paved or Surfaced; 25 spaces
Taxes 19602
Listing Features
Property Type Commercial;
Offered By:
Andrea Chait
Collini Real Estate, LLC

Data Provided by Bright MLS