173 Main StMilltown, NJ 08850
- Other commercial real estate
- 1,724 SF
Property Details for 173 Main St
- Year built
- 1908
- Lot size
- 0.17 AC
- Property size (Sq ft)
- 1,724 SF
- Zone code
- B-3
- Property type
- Other commercial real estate
- APN
- 11 00024-0000-00001
- APU
- 1100024000000001
Description
This exceptional 0.172 sq ft commercial land parcel at 173 N Main Street, Milltown, NJ 08850 presents a unique investment opportunity. The property features a two-story, 1908-built free-standing building, highly visible from Main Street, offering significant potential. Currently utilized as an owner-occupied business for over 30 years, the building's adaptability is a key asset. The ground floor, suitable for retail (jewelry, clothing, sports memorabilia) or professional services (lawyer, accountant, financial advisor), benefits from high street traffic. The upper level, currently residential with a separate entrance, is easily convertible to office space, offering further income potential or expansion for a single business. This established presence in the Milltown community provides immediate value and strong potential for future growth. The asking price is $989,000. The property's location in Middlesex County, New Jersey, offers convenient access to major transportation routes and a thriving local market. Don't miss this chance to acquire a well-established commercial property in a desirable location.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $326,248
- Hospitality
- $298,842
- Educational
- $248,633
- Medical
- $257,184
- Retail
- $386,762
Location Insight
- City
- Milltown
- County
- Middlesex
- State
- New Jersey
- Latitude
- 40.4555
- Longitude
- -74.4426
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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