1103 Old York RdRingoes, NJ 08551

Property Details for 1103 Old York Rd

Year built

1890

Construction

FRAME

Lot size

0.25 AC

Property size (Sq ft)

2,150 SF

Zone code

LB

Property type

Retail properties

Property subtype

Banks

APN

08 00011-0000-00009

APU

800011000000009

Description

This exceptional mixed-use property, situated at 1103 Old York Road in the charming town of Ringoes, New Jersey, presents a unique investment opportunity. Boasting 2,150 square feet of space on a 0.25-acre lot, this property offers immense potential for a variety of commercial uses. Currently configured as a mixed-use space, it is readily adaptable for conversion into office spaces or retail establishments, catering to a diverse range of business needs. A significant advantage is the inclusion of a private parking lot, ensuring convenient access for customers and employees. Furthermore, the property features a valuable drive-thru capability, adding considerable appeal and functionality for potential tenants. The property is being sold "as is," with the buyer responsible for all necessary inspections and obtaining a Certificate of Occupancy. This presents a chance to acquire a well-located commercial property at an attractive price point, allowing for creative redevelopment and customization to suit specific business requirements. The motivated sellers are eager to finalize a sale, making this an opportune moment for a discerning investor to secure a valuable asset in a desirable location. The property's prime location in Ringoes offers excellent visibility and accessibility, making it an ideal choice for businesses seeking a strong foothold in this thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $576,495

  6.5%

  $532,149

  7%

  $494,139

• Comparable approach

  Method

  Valuation

  Relative Method

  $708,871

  Geo Method

  $707,916

• Alternative Use

  Use

  Valuation

  Residential

  $448,888

  Hospitality

  $411,179

  Educational

  $342,096

  Medical

  $353,861

  Retail

  $532,149

Location Insight

City

Ringoes

County

Hunterdon

State

New Jersey

Latitude

40.4271

Longitude

-74.868

CBSA code

35620

CBSA name

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

Property Tax & Assessments

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