Iconic Music Shop Location Sold For $5.5M in Edison

EDISON, NJ — The shuttered Sam Ash music shop in Edison recently sold its location for $5.5 million.

NAI DiLeo-Bram & Co. (NAIDB) raagned the sale of the 21,929-SF retail center located at 1825 Route 27 in Edison.

Marc Shein, senior vice president, and Robert V. DiLeo, associate vice president of NAIDB represented Sam Ash Properties Corporation.

The unnamed buyer is an out-of-state grocer of culturally diverse foods with plans to establish a New Jersey flagship location.

“Ideally suited for a user/investor, we identified a wide range of potential buyers as part of our customized property-offering strategy,” Shein said

“Following the competitive bid process, the buyer’s offer was accepted and closed quickly.”

The property is located at a four-way intersection and Route 27 [Lincoln Highway] frontage.

Situated on 1.29 acres, the busy corner retail property features two buildings - one that is 13,769 SF plus basement and another that includes three fully rented units totaling 8,160 SF.

There is ample parking for 64 vehicles as well as proximity to a NJ Transit bus stop, Edison Station and an abundance of highways, including I-287, U.S. Route 1, NJ Route 18 and I-95.

According to DiLeo, the property is at an important regional business corridor crossroads with a multicultural population, extremely favorable demographics and high vehicle traffic counts.

“When combining Route 27 and Plainfield Avenue alone, the parcel records a 50,000+ per-day vehicle count and is at the heart of a densely populated, high-income area,” he said.

Nearby retailers include Costco, Dunkin, Papa Johns, Wells Fargo, HSBC Bank, Citizens Bank, Pizza Hut, Kumon, Meineke, Verizon, Burger King, TD Bank, 7-Eleven and Paris Baguette.

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