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700 Highway 35 Middletown, NJ 07748

  • Lot Size: 195x146 98x187 120x74
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Commercial-Active $ 0

MLS#: 21902104

Courtesy of: Olga Hannout, RE/MAX Central

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Description

GROUND LEASE, THREE PARCELS COMBINED ON PRIME HIGHWAY LOCATION. TRAFFIC LIGHT INTERSECTION OF HWY 35 AND WOODLAND DRIVE. SITE CAN ACCOMMODATE A 12,900 SQ FT BUILDING + 67 PARKING SLOTS. AS OF JULY 1, 2017 MIDDLETOWN HAS A TOTAL ESTIMATED POPULATION OF 65,603 IT'S THE STATE'S 16th LARGEST MUNICIPALITY IN ACCORDANCE WITH US CENSUS. MEDIAN HOUSEHOLD INCOME OF $102,537. LOCATED MINUTES TO GSP EXIT 114, AND NEW MEMORIAL SLOAN KETTERING CENTER. EASY ACCESS FROM NORTH OR SOUTH BOUND TRAFFIC. LOCATION IS PERFECT FOR A PHARMACY, HEALTH FOOD STORE, MEDICAL OFFICE BUILDING. BASE RENT $250,000 ON A TWENTY YEAR LEASE. FRONT BUILDING WAS COMPLETED IN 1998. LOWER LEVEL IS 2729 SQ. FT. AND FIRST FLOOR IS 2741 5470 SQ FT COMBINED. SITE IS NOT FOR SALE, BUILDING IS NOT FOR SALE, THIS IS A GROUND LEASE ONLY.

Specifications


    Contract Info


  • No
  • Yes
  • 5000000

    Location


  • Middletown
  • 1

    General Property Info


  • Yes
  • 2
  • 1
  • 1500
  • 5470

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