625 Farnsworth AveBordentown, NJ 08505

Property Details for 625 Farnsworth Ave

Year built

1970

Lot size

0.88 AC

Property size (Sq ft)

3,328 SF

Zone code

HC

Property type

Healthcare properties

Property subtype

Medical offices

APN

04 00120-0000-00002

APU

400120000000002

Description

This exceptional 3,328-square-foot office building at 625 Farnsworth Avenue in Bordentown, New Jersey, presents a unique investment or owner-user opportunity. Built in 1970 and extensively renovated in 2020, this Class B property boasts a prime location, offering high visibility and easy accessibility. Situated on a substantial 38,333-square-foot lot, the single-story building features ample parking with 14 spaces, including rear parking, and multiple entrances. Its Highway Commercial zoning allows for diverse uses, making it ideal for medical, daycare, or creative office spaces. The property is conveniently located just 50 yards from Routes 130 North and South, and a quarter-mile from the intersection of Routes 295/95, providing excellent access to major transportation arteries. A short walk to downtown Bordentown adds to its appeal. The building is currently vacant and in turnkey condition, ready for immediate occupancy. The asking price is $725,000. The property includes one unit and is zoned for Highway Commercial use.

• CAP approach

  CAP return

  Valuation

  6%

  $614,742

  6.5%

  $567,454

  7%

  $526,922

• Comparable approach

  Method

  Valuation

  Relative Method

  $434,836

  Geo Method

  $434,836

• Alternative Use

  Use

  Valuation

  Residential

  $703,643

  Hospitality

  $644,533

  Educational

  $536,244

  Medical

  $554,686

  Retail

  $834,157

Location Insight

City

Bordentown

County

Burlington

State

New Jersey

Latitude

40.1405

Longitude

-74.7067

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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