1898 Route 33 is a unique opportunity to purchase an owner-occupied sale-leaseback office that includes valuable development rights for retail in an affluent area. The location consists of three pad sites spanning ~2.75 acres along heavily trafficked Route 33. The existing 6,825-square-foot professional office building is currently owner-occupied, presenting a sale-leaseback opportunity, and it is on one of the pad sites fronting Route 33. The exterior of the building has decorative stone overlays, large front windows, pylon signage, two different entrances, and an elegantly covered front patio. The building is pristine, with multiple private offices and a staff kitchen. The existing property is owner-occupied, and the seller will remain in the property post-sale through the end of the year.
The property also has two other pad sites ready for redevelopment with suggestions for a 2,700-square-foot retail property with a drive-thru and a 1,900-square-foot retail property with a drive-thru. The existing office building can also be converted or redeveloped for retail use. The location has 270 feet of frontage along Route 33 in the Hamilton Square census-designated place. Also on this road are major national retailers such as 7-Eleven, CVS, Walgreens, Starbucks, Panera, AutoZone, and more. The property boasts broad Highway Commercial Zoning (HC II) for all three pads, allowing for a wide range of retail and commercial uses. Route 33 is the most heavily trafficked street within a 1-mile radius seeing 16,486 cars per day. Within a 2-mile radius, the location has access to major travel routes such as I-195, which sees 77,103 cars per day, and Route 130, which sees 25,655 cars per day. At three miles out, I-295 is accessible with 74,803 cars per day, and at 4 miles out, NJ Turnpike (I-95) sees 150,484 cars per day, and Route 206 sees 21,934 cars per day.