1167 State Route 28Somerville, NJ 08876

For Sale
$650,000 View listing
  • Specialty properties
  • 1,804 SF

Property Details for 1167 State Route 28

Year built
1967
Lot size
4.10 AC
Property size (Sq ft)
1,804 SF
Zone code
LD
Property type
Specialty properties
APN
05 00003-0000-00035
APU
500003000000035

Description

This exceptional 4.1-acre commercial property in Branchburg Township, New Jersey, presents a remarkable investment opportunity. Located at 1167 State Route 28, this parcel boasts 410 feet of frontage and is zoned LD, offering diverse development possibilities. The property includes a 1,800 square foot freestanding building, renovated in 1995, featuring a reception area, three exam rooms, an x-ray room, two private offices, a back room with shower and laundry hookups, a kitchenette, and a full and half bathroom. The building, previously used as a veterinary clinic, has a trussed roof, simplifying potential remodeling. Existing infrastructure includes electrical, water, gas, and sewer connections, along with a newer HVAC system (approximately 3 years old). The property also features a spacious fenced-in outdoor area with a patio and storage shed, and a large paved parking lot. Its prime location offers high visibility and easy access, situated near Raritan Valley Community College. The township is open to exploring alternative zoning options, further enhancing the property's potential. Asking price is $650,000. The property was built in 1967 and is a single-story structure.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $376,645
    Hospitality
    $345,005
    Educational
    $287,040
    Medical
    $296,912
    Retail
    $446,506
1167 State Route 28, Somerville, New Jersey

Location Insight

City
Branchburg
County
Somerset
State
New Jersey
Latitude
40.6057
Longitude
-74.6853
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA 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
$9,589
$364,900
$153,100
$518,000
-
$364,900
$153,100
$518,000

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