571 Inman AveWoodbridge Township, NJ 07067

Property Details for 571 Inman Ave

Year built

1965

Lot size

0.57 AC

Zone code

B-1

Property type

Retail properties

Property subtype

Gas stations

APN

25 00496- 02-00001

APU

25004960200001

Description

This exceptional 0.72-acre commercial land parcel, located at 571 Inman Avenue in Colonia, New Jersey, presents a unique investment opportunity. Situated in Middlesex County, this single-tenant property is zoned for retail use, making it perfect for a variety of commercial ventures, including restaurants. The expansive lot size offers ample space for development, allowing for significant flexibility in design and construction. The property's address is 571 Inman Avenue, Woodbridge Township, Colonia, NJ 07067. Its convenient location provides excellent visibility and accessibility, ensuring high traffic flow and potential for strong customer engagement. The property is currently available for lease. This is a rare chance to acquire a strategically positioned commercial land parcel in a thriving New Jersey community. The site's potential for development is significant, offering a substantial return on investment for the right operator. Interested parties are encouraged to explore the possibilities this prime location offers. The property is ready for immediate development, making it an attractive option for businesses seeking a quick and efficient entry into the market. The 0.72-acre lot provides ample space for a substantial building, allowing for a large footprint and significant potential for revenue generation.

• CAP approach

  CAP return

  Valuation

  6%

  $5,985,464

  6.5%

  $5,525,044

  7%

  $5,130,398

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,109,094

  Geo Method

  $8,109,094

• Alternative Use

  Use

  Valuation

  Residential

  $4,660,581

  Hospitality

  $4,269,067

  Educational

  $3,551,814

  Medical

  $3,673,966

  Retail

  $5,525,044

Location Insight

City

Colonia

County

Middlesex

State

New Jersey

Latitude

40.5984

Longitude

-74.3271

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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