204 Raritan Vly College DrBranchburg, NJ 08876

Property Details for 204 Raritan Vly College Dr

Year built

1975

Lot size

1.24 AC

Property size (Sq ft)

2,444 SF

Zone code

RS-1

Property type

Banks

APN

05 00006-0000-00016

APU

500006000000016

Description

This exceptional retail opportunity presents a 2,423-square-foot former bank building situated on a generous 1.24-acre lot in Branchburg, New Jersey. Located at 204 Raritan Valley College Drive, this single-tenant property offers significant potential for a variety of retail uses. The entire building is currently vacant, providing immediate occupancy for a new tenant. The property's ample size and prominent location within Somerset County make it an ideal space for businesses seeking high visibility and accessibility. The address, 204 Raritan Valley College Drive, offers convenient access to major roadways and a substantial customer base. The building's previous use as a bank suggests a strong foundation and potentially desirable features such as secure vaults or robust security systems. This is a rare chance to acquire a substantial retail space in a desirable location with immediate availability. The 2,423 square feet provide ample room for customization and adaptation to suit a wide range of retail concepts. The 1.24-acre lot offers significant potential for future expansion or outdoor amenities, depending on zoning regulations and permitted uses. This property is available for lease and presents a compelling investment opportunity for businesses seeking a high-impact location in a thriving community. The zip code is 08876.

• CAP approach

  CAP return

  Valuation

  6%

  $655,337

  6.5%

  $604,927

  7%

  $561,718

• Comparable approach

  Method

  Valuation

  Relative Method

  $805,805

  Geo Method

  $804,719

• Alternative Use

  Use

  Valuation

  Residential

  $510,278

  Hospitality

  $467,412

  Educational

  $388,881

  Medical

  $402,256

  Retail

  $604,927

Location Insight

City

Somerville

County

Somerset

State

New Jersey

Latitude

40.6031

Longitude

-74.6895

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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