1006 Rahway AveWoodbridge Township, NJ 07001

  • Other commercial real estate
  • 0.07 AC
For Sale
$399,000 View listing

Property Details for 1006 Rahway Ave

Year built
1920
Lot size
0.07 AC
Zone code
B-1
Property type
Other commercial real estate
APN
25 01006-0000-00061
APU
2501006000000061

Description

This exceptional mixed-use property in Avenel, New Jersey, presents a unique investment opportunity. Located at 1006 Rahway Avenue, Woodbridge Township, Middlesex County (zip code 07001), this two-story, 1920-built building offers a blend of commercial and residential space. The ground floor boasts versatile retail space, perfect for businesses seeking high visibility due to its large front windows and high-traffic location. The space is ideal for a variety of retail uses. Upstairs, a charming two-bedroom apartment provides a comfortable residential retreat, complete with a full kitchen and ample natural light. This well-maintained unit offers potential rental income. The property sits on a 0.069 square foot lot. This property is an excellent choice for investors seeking rental income or a live-work arrangement. Its convenient location offers easy access to local amenities, parking, and public transportation. The asking price is $399,000. Seller financing is available, providing flexible payment options. This is a rare opportunity to acquire a versatile property in a desirable location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $567,717
    Hospitality
    $520,026
    Educational
    $432,656
    Medical
    $447,535
    Retail
    $673,020
1006 Rahway Ave, Woodbridge Township, New Jersey

Location Insight

City
Avenel
County
Middlesex
State
New Jersey
Latitude
40.5759
Longitude
-74.2695
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$7,468
$15,000
$48,700
$63,700
-
$15,000
$48,700
$63,700

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