±3.12 Acre Route 18 & Prigmore Street Portfolio

Highlights

• Used car dealership and other retail properties located on Route 18 with a HC-2 General Highway Commercial District zoning with hotel permitted.
• Dealership has been operating at this location with original owner for 52 years with a large repeat and referral customer base.
• Two approved commercial properties at 616 and 592 Route 18. 618 and 590 Route 18 are highway frontage.
• Residential dwellings located on adjacent Prigmore Street.
• Traffic count over 60,488 VPD.
• Phase 2 and 3 of newly constructed luxury apartments and retail to be finished by Vermella in East Brunswick, NJ in the immediate area.
• Option 1 - purchased as used car dealership sales and service with transfer of business licenses available with income producing residential/retail.
• Option 2 - purchased as a ±3 acre redevelopment site for a variety of retail or multifamily apartments opportunity.
• Strategically located between a traffic light-controlled intersection and roundabout 1/4 miles from the site in the heart of the Route 18 East Brunswick retail corridor.
• Surrounding tenants include The Halala Guys, Smash Burger, Ulta, House of Cupcakes, Home Goods, Hand & Stone, Five Below, Mandee, Rock 'N' Air Amusement Park, Chipotle, Sarku, Papa Johns, Starbucks and Taco Bell.

Description

±3.12 acres consisting of four commercial properties and seven residential dwellings combined into sale portfolio.

Conveniently located just 3 miles to the NJ Turnpike at Exit 9 and in close proximity to Routes 1, 9, 27, 130 34 and the Garden State Parkway and directly across from Summerhill Square Mall.

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