Active

281 Summerhill Road

East Brunswick NJ, 08816

$3,333,000


$207.95 per sqft

Active

16,028 sqft

Commercial

Built in 1975

FOR SALE: Freestanding 16,028 SF Office Building on 1.56 Acres. 281 Summerhill Rd. Presents a unique opportunity to purchase a fully leased and cash-flowing investment property in East Brunswick, NJ. The property is located at the intersection of Summerhill Rd, Ryders Lane, and Rues Lane, and is across from the Brunswick Square Mall. It is minutes from Routes 18, 9, and 516, with quick access to the NJTP Exit 9. The property is an ideal investment opportunity with stable leases in place and recent capital improvements completed. There are a total of 16 Tenant Spaces, which are all currently leased. The tenants are a mixture of medical, dental, and professional users. Spaces range in size from approx. 500SF- 2,000SF. The property is easy to manage and provides consistent and stable income. Ideal for any investor or 1031 exchange. Property Features: 16,028 SF on 2 Levels 1.56 Acres with two entrances from Summerhill Rd and one from Ryders Lane. Parking for +80 Cars On-Site 16 Tenant Spaces which are all leased Improvements: Newer Roof, Upgraded HVAC and LED Parking Lights Potential to Expand Existing Building by another 5K SF Private Bathrooms in Each Space Zoned OPC2 (Office Professional) permits all office and medical uses. Real Estate Taxes: $56,322 per year Asking $3,333,000 Investment details including rent roll and income/ expenses available upon request. Please contact Broker for more information or to schedule a site visit.

2413622R

MLS ID

June 20, 2024

Listed

September 13, 2024

Updated

Map

281 Summerhill Road
East Brunswick NJ, 08816

Interior Features

Total Stories

2


Floor Description

Carpet, Ceramic Tile, Composition Tile


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Forced Air

Exterior/Building Features

Lot Size

1.56 Acres


Lot Features

Highway Location


Roof

Rubber


Sewer

Public Sewer

Other Property Details

Taxes

$56,099


Tax Frequency

Annually


Garage

No


Parking Total

80


View

No


County

Middlesex


Water Source

Public


Pool

No


Zoning

OP1

Courtesy of DAVIS REALTORS with BRIAN T. WALSH,
Listing Contact:  

 

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