December 30, 2021 – Michael Lombardi of Horvath & Tremblay has successfully completed the sale of a Central Plaza in Metuchen, New Jersey. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $1,800,000.
Central Plaza is located at 279 Central Avenue in Metuchen, New Jersey. The investment property is comprised of five retail tenants and two, 2-Bedroom/1-Bathroom residential units on a 0.49-acre parcel. The Property is strategically located along Central Avenue in the commercial center of Metuchen. Central Plaza benefits from good visibility and signage along Central Avenue and has ample on-site parking. The Property is set along Central Avenue, a primary roadway that runs through the center of Metuchen. The Property is strategically located 1-mile from the Metuchen Train Station with service to Manhattan’s Penn Station, and is within 2-miles of six area schools (two high schools, two middle schools, and two elementary schools). The Property is 1.5-miles from the JFK Medical Center (hospital) and is 2-miles from an Amazon Fullfillment Center and a large Fed-Ex Sorting and Distribution Center. Additionally, Rutgers University’s primary campus (New Brunswick/Livingston) is approximately 5.5-miles away. Metuchen lies on the border of Edison, NJ. The two communities are considered a transportation hub, due to the extensive network of highways passing through or on the borders of the two townships, including portions of Interstates 95 and 287, US Route 1, and State Roads 27 and 440.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.