475 Watchung AveWatchung, NJ 07069

  • Other commercial real estate
  • 12,293 SF
For Sale

Property Details for 475 Watchung Ave

Year built
1958
Construction
FRAME
Lot size
1.00 AC
Property size (Sq ft)
12,293 SF
Zone code
B-A
Property type
Other commercial real estate
APN
21 04701-0000-00005
APU
2104701000000005

Description

This exceptional second-floor office space, located at 475 Watchung Avenue, Unit 7, in Watchung, NJ, presents a fantastic opportunity for businesses seeking a prominent location with easy access to major transportation routes. Boasting approximately one acre of land, this property offers ample space and high visibility, making it ideal for a variety of professional uses. The office space itself has recently undergone renovations, including fresh paint and new flooring, ensuring a modern and inviting atmosphere for employees and clients alike. Its strategic location provides convenient access to both Highway 22 and Highway 78, significantly enhancing accessibility for commuters and clients traveling from various regions. The square footage is currently unavailable, but interested parties are encouraged to inquire for further details. This property is priced at $800,000 and represents a compelling investment opportunity in a thriving Watchung business district. The combination of its prime location, updated interior, and convenient access to major roadways makes this office space a truly exceptional offering. Don't miss this chance to secure a highly visible and functional workspace in a desirable location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,326,316
    Hospitality
    $2,130,893
    Educational
    $1,772,878
    Medical
    $1,833,850
    Retail
    $2,757,810
475 Watchung Ave, Watchung, New Jersey

Location Insight

City
Watchung
County
Somerset
State
New Jersey
Latitude
40.6307
Longitude
-74.4423
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
$35,697
$625,000
$1,235,000
$1,860,000
-
$625,000
$1,235,000
$1,860,000

FAQs

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