227 Main StMilltown, NJ 08850

Property Details for 227 Main St

Construction

CONCRETE BLOCKS

Lot size

0.17 AC

Zone code

B1

Property type

Commercial real estate

APN

11 00080-0000-00011

APU

1100080000000011

Description

This exceptional 0.17-acre commercial land parcel, located at 227 S Main Street in Milltown, presents a unique investment opportunity. Zoned B1, this single-tenant property offers approximately 660 square feet of open-format space, ideal for a variety of retail or commercial uses. The property boasts high visibility due to its Main Street location, ensuring significant foot traffic and exposure. With four parking spaces available on-site, customer and employee convenience is ensured. The single-story building sits on a lot with an APN of 1100080000000011. This is a blank canvas ready for your vision, offering the chance to establish a thriving business in a bustling area. The property's open format allows for flexible design and customization to suit your specific needs. Its prime location and ample parking make it an attractive proposition for both entrepreneurs and established businesses seeking expansion. Don't miss this chance to secure a valuable piece of Milltown's commercial real estate market. Contact us today to learn more about this exciting opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $1,383,380

  6.5%

  $1,276,970

  7%

  $1,185,760

• Comparable approach

  Method

  Valuation

  Relative Method

  $964,663

  Geo Method

  $964,663

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,514,060

  Retail / Commercial

  $1,289,190

  Mixed-Use / Specialty

  $1,284,600

  Hospitality / Lodging

  $942,469

  Office

  $1,276,970

  Institutional / Educational

  $1,335,460

  Residential Income

  $1,562,490

  Multifamily

  $1,873,970

  Automotive / Energy

  $1,144,680

  Parking / Income-Based Land

  $395,017

  Restaurant / Food Service

  $668,130

  Healthcare / Senior Housing

  $1,317,330

Location Insight

City

Milltown

County

Middlesex

State

New Jersey

Latitude

40.4443

Longitude

-74.4326

CBSA code

35620

CBSA name

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

Property Tax & Assessments

FAQs

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