1604 State Route 27 Route, Edison NJ 08817, 1205 - Edison, NJ 08817

Property Description

To land lease property for every 5 years. You will need a $500,000 deposit for a 25 yr. term with option to purchase every 5 years. Property currently has 2 residential rentals bringing in $3,600 a month revenue. 3rd retail space is owner occupied and is 1300 ft. has the probability of $5,000 a month rent with basement office. Currently is owner occupied portion has is own separate heat and utilities, tenants utilities are separate. Office has full basement suitable for storage and has a small area for conference room. Building taxes are $11,156.96. Parking can accommodate almost 27 cars. 1st fl.is currently an office, but would be suitable for Small Retail Space, Bubble Tea, Take Out Food, Check Cashing Service along with ATM Machine if necessary. Option to buy 6 building lots ready for construction. call Lou at 732-485-0083 for details. You can put 3 electrical parking stations in parking lot of 1604 Route 27. This is a land lease. Purchase options available each 5 year lease period.