2507 US Highway 22 - Freestanding FOR SALE


Scotch Plains, NJ 07076
$3,400,000 USD
908-656-3923
2507 US Highway 22, Scotch Plains, NJ for Sale
$3,400,000 USD
Freestanding - FOR SALE
1/4
null | 10% Cap Rate

2507 US Highway 22
Scotch Plains, NJ 07076


HIGHLIGHTS

  • High-visibility location along NJ Route 22 with strong daily traffic counts.
  • Approximately 0.90-acre site with ample parking for tenants and customers.
  • Surrounded by major retailers including Walmart, Panera, TJ Maxx, and Starbucks.
  • B-3 zoning allows for multiple commercial uses including retail, office, or flex space.

OVERVIEW

This flex building presents a versatile opportunity for investors seeking a well-located property along the highly visible and trafficked Route 22 corridor in Scotch Plains, NJ. Positioned on 0.90 acres with B-3 zoning, this 7,200 square foot building is configured to accommodate a mix of retail, office, or specialty flex use. The current layout includes a first-floor cannabis dispensary and second-floor cannabis manufacturing operation, providing a steady income stream and specialized infrastructure. The property is surrounded by an established retail network including national brands such as Walmart, Panera, Home Depot, and Starbucks, contributing to excellent consumer draw and accessibility. The site offers approximately 40 parking spaces, supporting both customer and staff convenience. With an asking price of $34,000,000 at a 10% CAP, this listing represents a solid income-producing asset with potential long-term stability in a strong commercial corridor.

FOR SALE DETAILS

PRICE

$3,400,000 USD

PRICE/SF

$472 USD /SF

CAP RATE

10%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,204 SF

ZONING

B-3

APN/PARCEL ID

16-04802-0000-00008

ASK ABOUT THIS PROPERTY

Wayne KasbarColliersMore Info
908-656-3923

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Wayne KasbarColliersMore Info
908-656-3923

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.