Commercial Real Estate for Lease at 700 Highway 35 in Middletown, NJ for $5,000,000

Listing data updated February 11, 2019 - 11:04pm
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700 Highway 35 | MIDDLETOWN

$5,000,000

GROUND LEASE, THREE PARCELS COMBINED ON PRIME HIGHWAY LOCATION. TRAFFIC LIGHT INTERSECTION OF HWY 35 AND WOODLAND DRIVE. SITE CAN ACCOMMODATE A 12,900 SQ FT BUILDING + 67 PARKING SLOTS. AS OF JULY 1, 2017 MIDDLETOWN HAS A TOTAL ESTIMATED POPULATION OF 65,603 IT'S THE STATE'S 16th LARGEST MUNICIPALITY IN ACCORDANCE WITH US CENSUS. MEDIAN HOUSEHOLD INCOME OF $102,537. LOCATED MINUTES TO GSP EXIT 114, AND NEW MEMORIAL SLOAN KETTERING CENTER. EASY ACCESS FROM NORTH OR SOUTH BOUND TRAFFIC. LOCATION IS PERFECT FOR A PHARMACY, HEALTH FOOD STORE, MEDICAL OFFICE BUILDING. BASE RENT $250,000 ON A TWENTY YEAR LEASE. FRONT BUILDING WAS COMPLETED IN 1998. LOWER LEVEL IS 2729 SQ. FT. AND FIRST FLOOR IS 2741 5470 SQ FT COMBINED. SITE IS NOT FOR SALE, BUILDING IS NOT FOR SALE, THIS IS A GROUND LEASE ONLY. MOMLS 21902104

Directions to property: From North or south take GSP Exit 114, make a right on Red Hill Road ,continue on Laurel, right onto Hwy 35. Building and lots are located on the traffic light intersection of Woodland Drive .

MLS Listing ID: 
MOMLS 21902104
Listing Category: 
Lease
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Status (Local): 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$5,000,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Property Sub Type: 
Commercial
Primary Market Area: 
MIDDLETOWN
Address: 
700 Highway 35, Middletown, NJ 07748, U.S.A.
County: 
Monmouth
Latitude: 
40.3862440
Longitude: 
-74.0964550
Directions: 
From North or south take GSP Exit 114, make a right on Red Hill Road ,continue on Laurel, right onto Hwy 35. Building and lots are located on the traffic light intersection of Woodland Drive .
Public Remarks: 
GROUND LEASE, THREE PARCELS COMBINED ON PRIME HIGHWAY LOCATION. TRAFFIC LIGHT INTERSECTION OF HWY 35 AND WOODLAND DRIVE. SITE CAN ACCOMMODATE A 12,900 SQ FT BUILDING + 67 PARKING SLOTS. AS OF JULY 1, 2017 MIDDLETOWN HAS A TOTAL ESTIMATED POPULATION OF 65,603 IT'S THE STATE'S 16th LARGEST MUNICIPALITY IN ACCORDANCE WITH US CENSUS. MEDIAN HOUSEHOLD INCOME OF $102,537. LOCATED MINUTES TO GSP EXIT 114, AND NEW MEMORIAL SLOAN KETTERING CENTER. EASY ACCESS FROM NORTH OR SOUTH BOUND TRAFFIC. LOCATION IS PERFECT FOR A PHARMACY, HEALTH FOOD STORE, MEDICAL OFFICE BUILDING. BASE RENT $250,000 ON A TWENTY YEAR LEASE. FRONT BUILDING WAS COMPLETED IN 1998. LOWER LEVEL IS 2729 SQ. FT. AND FIRST FLOOR IS 2741 5470 SQ FT COMBINED. SITE IS NOT FOR SALE, BUILDING IS NOT FOR SALE, THIS IS A GROUND LEASE ONLY.
Building Details
Details about the building on a property.
Stories: 
2
Year Built: 
1997
New Construction: 
0
Construction
Roof: 
Shingled, Skylights
Exterior: 
Block, Glass, Stucco
DisabilityFeatures: 
Yes
Energy Information: 
220 Volt
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
0
Total Full-Bathrooms: 
0
Total Half-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Other
Heating System Fuel: 
Natural Gas
Water Heating System: 
Natural Gas
Water Source: 
Public Water
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Lot Size (Dimensions): 
195x146 98x187 120x74
Waterfront: 
0
Lot Features
Parking Type: 
Lighted, On Site, Paved
Total Parking Spaces: 
67
Garage: 
No
Fence: 
No
Public Record
Annual Tax: 
$44,325.00
Property Zoning: 
Commercial, Office, Professional
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Agent Name: 
Olga Hannout
Listing Office Name: 
RE/MAX Central

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