1505-1507 Main Street Is a mixed use building consisting of 3 floors with a highly successful Peruvian Restaurant of 4,280 Sq Ft. on the 1st floor with outdoor setting. The 2nd and 3rd floors are (2) 2 bedroom Apartments.Building is located in the heart of downtown Rahway. This location offers easy access to NYC Trains,Buses and major highways,making it highly desirable for commuters into Manhattan. The Downtown has had significant development in recent years,with hundreds of new luxury apartments and retail shops.Along with new Shops and Restaurants.This assets is a great addition to your Real Estate portfolio.Offering a 6.00% Cap Rate.

Approximate Lot Size 34X168 Construction Brick/Block Exterior Description Concrete Location Business DistrictFreestanding Number Of Bays 0 Number Of Docks 0 Parking Driveway Description See Remarks Roof Description Flat

Basement Yes Basement Description Full Cooling Central Air Equipment Available See Remarks Floors Tile Heating See Remarks Max Ceiling Height 0 Max Door Height 0 Number Of Lavatories 5 Office Sq Ft 0

Available See Remarks Expenses Include InsuranceProperty ManagementTaxesWater/Sewer For Sale Or Lease For Sale Free Rent No Fuel Type Gas-Natural Gross Operating Income 219897 Net Operating Income 197012 Primary Property Type Store With Apartment Property Type Store With Apartment Sale Includes Building & Land Sewer Public Sewer Suite Number 0 Tax Amount 13071 Tax Rate Amount 7.172 Tax Rate Year 2023 Tax Year 2023 Total Operating Expense 22885 Utilities ElectricGas-Natural Utilities Paid By Tenant Water Public Water Year Built Description Approximate Zoning Commercial

Listing information © 2024 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of C-21 MAIN STREET REALTY: 732-750-4663.

© 2024 Garden State Multiple Listing Service, LLC. 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 eXp Realty LLC. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than eXp Realty LLC are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-10-04T23:46:09.94.

1505 Main St

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1505 Main St Rahway City, NJ 07065

Property Description

Approximate Lot Size	34X168
Construction	Brick/Block
Exterior Description	Concrete
Location	Business District Freestanding
Number Of Bays	0
Number Of Docks	0
Parking Driveway Description	See Remarks
Roof Description	Flat

Basement	Yes
Basement Description	Full
Cooling	Central Air
Equipment Available	See Remarks
Floors	Tile
Heating	See Remarks
Max Ceiling Height	0
Max Door Height	0
Number Of Lavatories	5
Office Sq Ft	0

Available	See Remarks
Expenses Include	Insurance Property Management Taxes Water/Sewer
For Sale Or Lease	For Sale
Free Rent	No
Fuel Type	Gas-Natural
Gross Operating Income	219897
Net Operating Income	197012
Primary Property Type	Store With Apartment
Property Type	Store With Apartment
Sale Includes	Building & Land
Sewer	Public Sewer
Suite Number	0
Tax Amount	13071
Tax Rate Amount	7.172
Tax Rate Year	2023
Tax Year	2023
Total Operating Expense	22885
Utilities	Electric Gas-Natural
Utilities Paid By	Tenant
Water	Public Water
Year Built Description	Approximate
Zoning	Commercial