Description
Great investment property with an 8.25 CAP rate. The property operates as a pre-owned auto dealership and is situated on a flat, corner lot with 100 feet of frontage on State Route 17M. The building features a clean showroom with a private office and is constructed with a frame and stone facade. The lot can accommodate approximately 50 vehicles, making it ideal for auto sales or other retail/service businesses. The location benefits from high visibility, with an average daily traffic count over 19,000 vehicles. This property is currently leased to a tenant with two years remaining on a five-year lease with built in increase as an agreed upon term. Tenant has an option for an additional five-year lease.
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0BEDS
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0.35ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Great investment property with an 8.25 CAP rate. The property operates as a pre-owned auto dealership and is situated on a flat, corner lot with 100 feet of frontage on State Route 17M. The building features a clean showroom with a private office and is constructed with a frame and stone facade. The lot can accommodate approximately 50 vehicles, making it ideal for auto sales or other retail/service businesses. The location benefits from high visibility, with an average daily traffic count over 19,000 vehicles. This property is currently leased to a tenant with two years remaining on a five-year lease with built in increase as an agreed upon term. Tenant has an option for an additional five-year lease.
© 2025 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Nicole Burke, MBA | Charles Rutenberg Realty. Data last updated: 2025-07-08T13:18:49.87.