1162 Raritan RdClark, NJ 07066

  • Other commercial real estate
  • 1,820 SF
For Sale
$695,000 View listing

Property Details for 1162 Raritan Rd

Year built
1962
Construction
FRAME
Lot size
0.14 AC
Property size (Sq ft)
1,820 SF
Zone code
CN
Property type
Other commercial real estate
APN
02 00060-0000-00025
APU
200060000000025

Description

This exceptional commercial property, situated at 1162 Raritan Road in Clark, New Jersey, presents a unique investment opportunity. The 0.138-acre lot houses a fully renovated, 1,820 square foot building, ideally suited for a variety of commercial uses. The property boasts two separate retail units within a single structure, offering flexibility for multiple tenants or a single, larger operation. Its prime location on Raritan Road ensures high visibility and accessibility, attracting significant foot traffic. Ample on-site parking is available for customers and employees. Previously operating as a thriving salon and spa, the building's adaptable layout makes it suitable for a range of businesses, including medical offices or other professional services. The asking price is $695,000, representing a compelling entry point into the vibrant Clark commercial market. This property is perfect for businesses seeking expansion or investors looking for a strong return. The property's versatility and prime location make it an attractive option for a variety of commercial ventures. The building's recent renovation ensures it is move-in ready, minimizing upfront costs and maximizing immediate occupancy. This is a rare opportunity to acquire a well-located, versatile commercial property in a thriving New Jersey market. The zip code is 07066, and the property is located in Union County.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $344,415
    Hospitality
    $315,482
    Educational
    $262,478
    Medical
    $271,505
    Retail
    $408,299
1162 Raritan Rd, Clark, New Jersey

Location Insight

City
Clark
County
Union
State
New Jersey
Latitude
40.6298
Longitude
-74.3118
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
2022
$9,239
$235,000
$201,200
$436,200
-
$235,000
$201,200
$436,200

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