For Sale
$849,900

3107 Us-22 Branchburg, NJ 08876

Branchburg, NJ investment opportunity: High-yield potential.

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional mixed-use property, located at 3107-3111 Route 22 in Branchburg, New Jersey, presents a compelling investment opportunity. The 2,500 square foot property consists of two separate, contiguous houses situated on a 0.7-acre lot, offering a unique blend of residential and commercial potential. Currently configured as a two-unit multifamily property (one 4-bedroom, two-bath unit and one 2-bedroom unit), the property boasts a strong pro-forma NOI of $69,700 and an 8.20% pro-forma cap rate. Built in 1956 and renovated in 2020, the property features eight parking spaces and public water and gas, with sewer availability. The I-1 (Light Industrial) zoning allows for continued residential use, as well as office, light industry, manufacturing, and fabrication. One unit is currently leased, while the other, a 4-bedroom unit, is vacant and undergoing renovations. Rent bumps are possible, enhancing future income potential. This fee-simple ownership offers significant upside for investors and owner-users alike, providing flexibility for diverse business and residential applications. The property's location on Route 22 ensures high visibility and convenient access. This is an ideal opportunity for those seeking a high-return investment with significant potential for growth and diversification.

Highlights

  • Exceptional mixed-use investment opportunity in Branchburg, NJ.
  • 2,500 SF property on 0.7-acre lot with two contiguous houses.
  • Currently a two-unit multifamily (4BR/2BA & 2BR), generating $69,700 NOI and 8.20% cap rate.
  • Eight parking spaces, public water & gas, sewer available; I-1 zoning allows diverse uses.
  • One unit leased, one vacant (4BR) undergoing renovations; rent increases possible.

Property Details for 3107 Us-22

Property type
Office properties, Mixed-use properties
Square Feet
2,500 SF
Year Built/Renovated
1956/2020
Stories
1
Lot Size (sq. ft)
30,492 SF
Units
2

Location Insight

City
Branchburg
County
Somerset
State
New Jersey
Latitude
40.6000654
Longitude
-74.6857264

FAQs

What type of property is this?
Office property - Branchburg, NJ investment opportunity: High-yield potential.
Where is the office property located?
The property is located at 3107 Us-22 Branchburg, NJ.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Exceptional mixed-use investment opportunity in Branchburg, NJ.; 2,500 SF property on 0.7-acre lot with two contiguous houses.; Currently a two-unit multifamily (4BR/2BA & 2BR), generating $69,700 NOI and 8.20% cap rate.
How can I contact the broker?
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3107 Us-22
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