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
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.
More Information MLS# 22331827
Contract Info
Sale: Yes
Lease: No
List Price/SqFt: 192.78
Status: Closed
List Date: 2023-11-16
Property Sub-Type: Office
Sold Price: $2,050,000
Current Price: $2,050,000
Location
Area/Section: None
Historic Dist: 1
Near Busstop: 1
Near Parkway Access: 1
Near Rrtrans: 1
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
Directions: Located right on Main Street
General Property Info
# Levels: 2
# Elevators: 1
Office SqFt: 10624
Acreage: 0.24
Lot Dimensions: 60 x 176
Garage: No
# Car Garage: 0
# Parking Spaces: 20
Apx SqFt: 12190
Apx Year Built: 2012
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
Sold Price: $2,050,000
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
Use
Professional/Office: 1
Interior
Fire Alarm: 1
Fire Sprinkler System: 1
Fluorescent: 1
Handicapped: 1
Passenger Elevator: 1
Zoning
Commercial: 1
Professional: 1
Floors
Tile: 1
Vinyl: 1
Electric
Three Phase: 1
Gas
On Site: 1
Cooling
AC Office Only: 1
Central Air: 1
Water Heater
Natural Gas: 1
Heating
Forced Air: 1
Heat Pump: 1
Natural Gas: 1
Water
Public Water: 1
Sewer
Public Sewer: 1
Exterior
Handicapped: 1
Lighting: 1
Security System: 1
Common Elements
Elevator(s): 1
Landscaping: 1
Parking
Assigned: 1
Covered: 1
Lighted: 1
Off Street: 1
Paved: 1
Reserved: 1
Assessment Status
Assessed: 1
Financing
Cash: 1
Construction/Siding
Vinyl: 1
Roof
Flat: 1
Landlord Pays
Garbage Removal: 1
Sewer: 1
Snow Removal: 1
Taxes: 1
Water: 1
Documents Available
Aerial Photo: 1
Blue Prints: 1
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.