718-866-8683
3885 Route 27, Princeton, NJ for Sale
Freestanding - FOR SALE
1/17
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3885 Route 27
Princeton, NJ 08540


OVERVIEW

The Marketplace at 3885 Route 27 - Prime Retail Center for Sale Welcome to the Marketplace at 3885 Route 27, a premier retail center located in the vibrant Princeton area of Franklin Township, New Jersey. This exceptional asset features a total of 54,961 square feet spread across two buildings. The main building boasts over 40,000 square feet, complemented by a state-of-the-art freestanding pad site of 14,712 square feet. Key Features: Comprehensive Renovations: The property has undergone extensive renovations over the past two years, including a new roof, new HVAC units, an updated fire alarm and sprinkler system, and a newly resurfaced parking lot. Occupancy: Currently over 60% leased with all new, strategically laddered leases. Anchor Tenant: A prominent 20,000 square foot supermarket anchors the center, providing a steady stream of foot traffic. Diverse Tenancy: Additional tenants include an 8,000 square foot Mediterranean restaurant, 30 Minute Hit Fitness, Fast Signs, and new names to be released shortly! Turnkey Availability: Remaining spaces are subdivided into vanilla boxes, ready for tenant occupancy. Investment Highlights: Income Potential: The center offers significant upside for buyers seeking strong income in a growing market. Owner-Occupancy Opportunity: The front building is available for buyers looking to occupy part of the center while enjoying passive income from the remaining leased spaces. Enhancements: Accessibility and Visibility: Major upgrades are underway to enhance the center’s visibility and accessibility, ensuring a welcoming environment for both customers and employees. Parking: Ample parking is available, with a large lot in the front and additional employee parking in the rear. This is a rare opportunity to acquire a fully renovated and strategically positioned retail center in one of New Jersey’s most desirable locations. Don't miss your chance to invest in the Marketplace at 3885 Route 27.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

199

LAND DETAILS

LAND ACRES

8 AC

LAND SF

348,480 SF

ZONING

RR3

APN/PARCEL ID

08-00005-02-00053

ASK ABOUT THIS PROPERTY

Robert NixonPreRealMore Info
718-866-8683

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Robert NixonPreRealMore Info
718-866-8683

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