Lincoln Highway Rt.27 Edison, NJ 08817

$610,000
0.11
Acres
1,614
SQFT
378
$/SQFT
$610,000
1,614   sf
$378 / sf
Favorite

active
1/25
Street View

Welcome to this exceptional investment opportunity located in the vibrant business district of Edison! This standalone mixed-use building boasts a coveted position, a fully rented income stream, and promising future prospects. It's a rare find on Rt. 27, surrounded by heavy commuter traffic, offering high visibility and proximity to Hmart, restaurants, shops, the train station, and Turnpike/GSP/Rt 1. The first floor is a popular rice cake catering establishment with a secure long-term lease. The second floor accommodates an upscale beauty salon. Both units are currently occupied by reliable tenants. This property has undergone recent enhancements, including a new roof, expanded electric panel/wiring, driveway, meter boxes, sump pumps, water heater, and heating system. Furthermore, it features a spacious fenced-in parking lot at the rear of the building, capable of accommodating approximately 8 vehicles. There is a walkout basement that provides ample storage space. Whether you are an investor or a business owner seeking a profitable opportunity, this property is well-suited to meet your needs. Seize the opportunity to own a part of the thriving Edison community with this fully occupied mixed-use property. Visualize the various possibilities and growth potential for your investment in this dynamic and conveniently situated real estate.Buyers should perform their reviews and due diligence for other possible uses.

Welcome to this exceptional investment opportunity located in the vibrant business district of Edison! This standalone mixed-use building boasts a coveted position, a fully rented income stream, and promising future prospects. It's a rare find on Rt. 27, surrounded by heavy commuter traffic, offering high visibility and proximity to Hmart, restaurants, shops, the train station, and Turnpike/GSP/Rt 1. The first floor is a popular rice cake catering establishment with a secure long-term lease. The second floor accommodates an upscale beauty salon. Both units are currently occupied by reliable tenants. This property has undergone recent enhancements, including a new roof, expanded electric panel/wiring, driveway, meter boxes, sump pumps, water heater, and heating system. Furthermore, it features a spacious fenced-in parking lot at the rear of the building, capable of accommodating approximately 8 vehicles. There is a walkout basement that provides ample storage space. Whether you are an investor or a business owner seeking a profitable opportunity, this property is well-suited to meet your needs. Seize the opportunity to own a part of the thriving Edison community with this fully occupied mixed-use property. Visualize the various possibilities and growth potential for your investment in this dynamic and conveniently situated real estate.Buyers should perform their reviews and due diligence for other possible uses.

  • Neighborhood
  • Type
  • County
    Middlesex
  • Area
    Edison
  • Tax Amount
    $9,038
  • Status
    Active
  • Listing #
    2413019R
  • Built
    1922
  • Lot Size
    0.11
  • Listed on site
    131 days

Listed by:
Exp Realty, Llc

mls source logo Listing provided courtesy of Central Jersey MLS
Click for Map
Smart Commute Planner
Add a destination

Property details

Community Features

  • No HOA

Property Features

  • Sewer
  • Public Water

Exterior features

  • No Pool

Property History

DateDays AgoEventNew Price
Aug 13, 20242 mos agoPrice decreased25,000 (4%)$610,000
Jun 8, 20244 mos agoNew on market$635,000
Favorite

Tour This Home

Fri
18Oct
Sat
19Oct
Sun
20Oct
Mon
21Oct
Tue
22Oct
Wed
23Oct
Thu
24Oct
Fri
25Oct
Sat
26Oct
Sun
27Oct
Mon
28Oct
Tue
29Oct
Wed
30Oct
Thu
31Oct
in Person
via Video Call