42 E Main Street, Freehold, NJ 07728

$2,050,000

Property Type: Commercial Square Footage: 12,190 Lot Size (sq. ft.): 10,454 Status: Closed

Current Price: $2,050,000 List Date: 11/16/2023 Last Modified: 2/17/2025

Overview

Description

Professional Office Building Listing For Sale! This property is currently 100% occupied with lots of growth potential, and perfect for a 1031 Exchange with space for an owner operator! The building was built in 2012 and has 10,744 Leasable SqFt with 12,190 total SqFt. There are 20 assigned covered spaces with plenty of additional parking located in the municipal parking located all around the building. This amazing opportunity is located in the heart of Freehold Borough on Main Street, and surrounded by so many municipal buildings, County Court House, restaurants, boutiques, along with the heavy foot traffic and a tremendous car count. This property never has a vacancy and when it does it doesn't last for long!. Call today for more information.

Listing Details MLS# 22331827

Contract Info

Property Sub-Type: Office
Sale: Yes
Lease: No
List Price/SqFt: 192.78

Location

House Number: 42
Dir.: E
Street Name: Main
Street Suffix: Street
County: Monmouth
Municipality: Freehold Boro (FRB)
Postal City: Freehold
State: NJ
Zip Code: 07728
Area/Section: None
Directions: Located right on Main Street
Historic Dist: Yes
Near Busstop: Yes
Near Parkway Access: Yes
Near Rrtrans: Yes

General Property Info

# Levels: 2
# Elevators: Yes
Office SqFt: 10624
Apx SqFt: 12190
Apx Year Built: 2012
Garage: No
# Parking Spaces: 20
Acreage: 0.24
Lot Dimensions: 60 x 176
# Car Garage: 0

Tax and Legal

Asmnt - Total: 2458700
Taxes: 54084
Tax Year: 2022

Status Change Info

Contingent Date: 2024-02-29
Under Contract Date: 2024-03-04
Sold Date: 2024-06-24

Income & Expenses

# Rental Units: 8
Financials Per: Year
Gross Income: 217356
Net Operating Income: 152336
Electric: 3600
Insurance: 3000
Repair/Maintenance: 2000
RE Taxes: 54084
Total Expenses: 65020
Water/Sewer: 420
Other Exp Amt 1: 2000

More Information

Use

Professional/Office: Yes

Interior

Fire Alarm: Yes
Fire Sprinkler System: Yes
Fluorescent: Yes
Handicapped: Yes
Passenger Elevator: Yes

Zoning

Commercial: Yes
Professional: Yes

Floors

Tile: Yes
Vinyl: Yes

Electric

Three Phase: Yes

Gas

On Site: Yes

Cooling

AC Office Only: Yes
Central Air: Yes

Water Heater

Natural Gas: Yes

Heating

Forced Air: Yes
Heat Pump: Yes
Natural Gas: Yes

Water

Public Water: Yes

Sewer

Public Sewer: Yes

Exterior

Handicapped: Yes
Lighting: Yes
Security System: Yes

Common Elements

Elevator(s): Yes
Landscaping: Yes

Parking

Assigned: Yes
Covered: Yes
Lighted: Yes
Off Street: Yes
Paved: Yes
Reserved: Yes

Assessment Status

Assessed: Yes

Financing

Cash: Yes

Construction/Siding

Vinyl: Yes

Roof

Flat: Yes

Landlord Pays

Garbage Removal: Yes
Sewer: Yes
Snow Removal: Yes
Taxes: Yes
Water: Yes

Documents Available

Aerial Photo: Yes
Blue Prints: Yes

Property Features

Location: Historic Dist; Near Busstop; Near Parkway Access; Near Rrtrans; Historic Dist; Near Busstop; Near Parkway Access; Near Rrtrans Use: Professional/Office Interior: Fire Alarm; Fire Sprinkler System; Fluorescent; Handicapped; Passenger Elevator Floors: Tile; Vinyl Cooling: AC Office Only; Central Air Heating: Forced Air; Heat Pump; Natural Gas Water Heater: Natural Gas Water: Public Water Sewer: Public Sewer Gas: On Site Electric: Three Phase Exterior: Handicapped; Lighting; Security System Parking: Assigned; Covered; Lighted; Off Street; Paved; Reserved Roof: Flat Zoning: Commercial; Professional Common Elements: Elevator(s); Landscaping Landlord Pays: Garbage Removal; Sewer; Snow Removal; Taxes; Water Assessment Status: Assessed Documents Available: Aerial Photo; Blue Prints Financing: Cash

Listing Office: RE/MAX Homeland West

Listing Agent: David Borrero

Last Updated: February - 17 - 2025

The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Monmouth Ocean Regional REALTORS®, and site contains live data. 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.