847 King George RdWoodbridge Township, NJ 08863

Property Details for 847 King George Rd

Year built

1905

Property size (Sq ft)

1,728 SF

Zone code

B-2

Property type

Office properties

Property subtype

Office buildings

APN

25 00142-0000-00006

APU

2500142000000006

Description

This exceptional commercial property, located at 847 King George Road in Fords, New Jersey (zip code 08863), presents a unique investment opportunity. Built in 1950, this two-story building features two separate office units, each complete with its own dedicated bathrooms and conference rooms. The property boasts a convenient eight-car parking lot, providing ample space for tenants and visitors. Each unit enjoys both front and rear access, enhancing convenience and flexibility. All utilities are separately metered for efficient cost management. The building is well-maintained and strategically situated near major highways and public transportation, ensuring easy accessibility for employees and clients. The property's zoning may allow for potential multi-family conversion, offering additional development possibilities. The asking price is $699,000. This property is ideal for business owners seeking a well-established office space or investors looking for a promising opportunity in a desirable location. The property is situated in Woodbridge Township, Middlesex County, New Jersey.

• CAP approach

  CAP return

  Valuation

  6%

  $285,690

  6.5%

  $263,714

  7%

  $244,877

• Comparable approach

  Method

  Valuation

  Relative Method

  $225,780

  Geo Method

  $225,780

• Alternative Use

  Use

  Valuation

  Residential

  $327,005

  Hospitality

  $299,535

  Educational

  $249,210

  Medical

  $257,780

  Retail

  $387,659

Location Insight

City

Fords

County

Middlesex

State

New Jersey

Latitude

40.5298

Longitude

-74.3145

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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