Vivid Arc Group of Keller Williams is pleased to present 262 State Street, a 19,900 SF office building in Downtown Perth Amboy. It is leased to the Middlesex County Probation Division and sits within a designated Qualified Opportunity Zone. Floors 2–4 have been occupied by the County for more than 20 years. The County pays $252,000 per year and pays its own electric and water. The ground floor (±4,975 SF, move-in condition, with elevator and lobby access) and the lower level (±5,000 SF) are vacant. At the $2,000,000 asking price, the property offers a 7.75% cap rate on in-place NOI of $154,908. The vacant space adds no cost to the price and gives a clear lease-up path. Investment highlights: 20+ year government tenant in space built out for the tenant's use 7.75% in-place cap rate, $100.50/SF, well below replacement cost ±10,000 SF of vacant space. The broker pro forma shows NOI of about $279,000 once leased. Qualified Opportunity Zone (Census Tract 34023004900) S-2B redevelopment zoning allowing office, medical, retail and mixed use 0.3 miles to the Perth Amboy NJ Transit station, with direct rail to NYC 1923 Masonic Temple with a classical facade, renovated in 2006 The full Offering Memorandum, rent roll and financials are available on request. Please contact Cole Malinowski (732-861-4433 | Cmali@kw.com) for more information.