541 Route 22 $1,100,000

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    541 Route 22 Hillside Twp., NJ 07205

    • 0.11 Acres
    • Commercial
    • MLS# 3824259
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    Views: 2 Days On Site: 24

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    Property Details

    Investment Opportunity, Long Term Leases & Billboard Income. 60,000 + Cars Pass This Building Daily. NOI $70,760 @ 7% CAP Rate, Tenant Just Renewed Lease. True NNN Lease...

    • General Features
      • County Name Union
    • Building Features
      • Available Sq Ft 0
      • Basement Yes
      • Basement Description Unfinished
      • Color of Building Grey
      • Construction Date Year Built 9999
      • Construction Brick/Block
      • Construction Date Year Built Des Unknown
      • Equipment Available See Remarks
      • Cooling See Remarks
      • Flooring Type See Remarks
      • Heating See Remarks
      • Number of Lavatories 2
      • Number of Stories 2
      • Number of Docks 0
      • Roof Description Asphalt Shingle
      • Primary Property Type Store With Apartment
      • Total Units 1
      • Utilities Electric, Gas-Natural
      • Water Public Water
    • Property Features
      • Sewer Public Sewer
      • Total Acres 0.11
      • Parking Driveway Description Blacktop, Parking Lot-Exclusive
      • Lot Description LevelLot
      • Exterior Type Brick/Block
      • Approximate Lot Size 50X100
      • Available Parking Spaces 17

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    Neighborhood

    07205 (Hillside Twp.) Demographics

    36 Median Age
    7,930 Population Density (per sq. mile)
    32% College Educated
    $78,779 Estimated Median Income
    4,974 Estimated Total Home Owners
    2,188 Estimated Total Renters
    69% / 31% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    21,955 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $418,500 Median Sales Price
    16 Homes Sold
    20 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $1,100,000 900%
        1/13/2023 12:19:00 AM New in Database Source: Multiple Listing Service New Value: $110,000

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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.