2318 New RdNorthfield, NJ 08225

  • Commercial real estate
  • 0.24 AC
For Sale
$315,000 View listing

Property Details for 2318 New Rd

Construction
FRAME
Lot size
0.24 AC
Zone code
C-B
Property type
Commercial real estate
APN
18 00082-0000-00008- 01
APU
180008200000000801

Description

This meticulously renovated 1,164 square foot mixed-use property at 2318 New Road, Northfield, NJ, sits on a 0.24-acre lot and presents a unique investment opportunity. The building boasts a classic A-frame design with high ceilings and stunning architectural details, creating a bright and spacious interior. A complete renovation includes new laminate flooring throughout, central air conditioning, and a brand-new roof. All electrical, HVAC, and plumbing systems have been replaced, ensuring modern functionality and efficiency. The property currently functions as an office space with ample storage, but its versatility allows for a wide range of uses. A full basement provides additional storage or potential for expansion. Its location in a high-traffic area of Northfield offers excellent visibility and accessibility to nearby businesses, offices, and schools. Importantly, approvals for open flame use (ovens and grills) have already been obtained, opening up further possibilities for food-related businesses. This property is priced at $315,000 and offers an exceptional chance to establish a thriving business in a desirable location. The combination of modern updates, versatile space, and prime location makes this an attractive proposition for discerning investors and entrepreneurs.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $3,822,691
    Hospitality
    $3,501,564
    Educational
    $2,913,260
    Medical
    $3,013,452
    Retail
    $4,531,738
2318 New Rd, Northfield, New Jersey

Location Insight

City
Northfield
County
Atlantic
State
New Jersey
Latitude
39.3647
Longitude
-74.5633
CBSA code
12100
CBSA name
ATLANTIC CITY, NJ 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
$6,111
$100,000
$75,000
$175,000
-
$100,000
$75,000
$175,000

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