Tammaro-Ridge Property

Retail-Commercial for Sale
Catylist Listing ID: 30171154
Property Subtypes: Mixed Use
Building Status: Proposed
Building Size (RSF): 3,062 SF
Gross Building Area: See Agent
Sale Price: $525,000
Unit Price: $171.46 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 10/19/2017

Overview / Comments

The property is improved with a 2 story 3,062+/- SF mixed use building having 1,662+/- SF of office space on the first floor and a one (1) bedroom apartment having 1,400+/- SF on the second floor. The exterior is mostly brick with some vinyl and a concrete foundation. The roof is mostly asphalt shingles with a section of flat roofing.

The first floor consists of six (6) offices and two (2) half baths, and multiple entry way doors. The floors are newer commercial grade carpets. The ceilings are mostly sheetrock with drop ceilings in two (2) offices.

The second floor is a one (1) bedroom apartment with a separate entrance located on the side of the building. There is a living room, kitchen with a separate eating area, one (1) bedroom and a full bath with a tub and a separate shower stall. The bathroom walls and ceiling are ceramic tile. The floors are hardwood and some linoleum. Heat is hot water baseboard.

The building is serviced by a single gas fired hot water heating system. Cooling is provided by multiple window and in wall air conditioning units. The electric service to the building is single phase with two (2) electric panels. One for each floor. A 100+/- and 60+/- amp service. There is a basement, which is partially finished which at one time was used as office space with rough plumbed half bath.

There is a separate 1,410+/- SF single story building including a two (2) car garage which is most likely a tear down.

Additional Details

Nearest MSA: New York-Newark-Jersey City
County: Middlesex
Zoning: NEIGHBORHOOD COMMERCIAL /PROFESSIONAL OFFICE/LOCAL SERVICES DISTRICT (C-1)
Property Visibility: Good
Feet of Frontage: 125
Number of Stories: 2
Property Condition: Fair
Roof Type: Flat
Construction/Siding: Brick
Parking Description: Currently there is off street parking for 10+ cars. The lot could accommodate additional parking.
Heat Type: Hot Water
Heat Source: Baseboard
Air Conditioning: Window Unit
Zoning Description: Neighborhood Commercial/Professional Office/Local Services District (C-1): The district allows for the following uses among others: • Stores and Shops • Personal Services, such as Beauty Salons • General Offices • Restaurants and Delicatessens The complete zoning ordinance is available upon request.
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,825 37,622 127,929
Median Age: 39.09 38.79 40.81
Households: 1,455 12,998 49,057

Contact

Photograph of Listing Agent

Steven Marusky

Richardson Commercial, LLC Realtors
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