575 New Brunswick AveWoodbridge Township, NJ 08863
- Turn key restaurants
- 3,319 SF
Property Details for 575 New Brunswick Ave
- Year built
- 1924
- Lot size
- 0.07 AC
- Property size (Sq ft)
- 3,319 SF
- Zone code
- B-2
- Property type
- Turn key restaurants
- APN
- 25 00063-0000-00002- 02
- APU
- 250006300000000202
Description
This exceptional commercial property at 575 New Brunswick Avenue #2 offers a fantastic opportunity for a single-tenant retail business. The completely renovated 900 square foot space boasts a modern interior and exterior. The unit features four rooms and a full bathroom, providing ample space for various retail operations. Conveniently located on the second floor, it includes a side entrance near the rear of the building. The space is equipped with internet wiring, and a single-zone air conditioning and heating system ensures year-round comfort. Tenants are responsible for water, gas, and electricity, as well as snow removal. This property is zoned B-2, offering flexibility for a range of retail uses. The lot size is 0.072 acres. The building consists of only one suite, creating a private and efficient workspace. There are no on-site parking spaces. Note that a first-floor unit is also available and could be leased concurrently; details on that space can be found under MLS #2505839R. The property's Assessor's Parcel Number (APN) is 250006300000000202. This is a rare opportunity to secure a move-in ready, renovated retail space in a desirable location. The total building size is 3,319 square feet, with this unit comprising 900 square feet.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $627,849
- 6.5%
- $579,553
- 7%
- $538,156
-
Comparable approach
- Method
- Valuation
- Relative Method
- $451,007
- Geo Method
- $451,007
-
Alternative Use
- Use
- Valuation
- Industrial / Distribution
- $1,130,180
- Mixed-Use / Specialty
- $577,487
- Hospitality / Lodging
- $423,684
- Office
- $574,056
- Institutional / Educational
- $600,353
- Residential Income
- $702,413
- Multifamily
- $842,437
- Automotive / Energy
- $514,589
- Parking / Income-Based Land
- $177,578
- Restaurant / Food Service
- $300,355
- Healthcare / Senior Housing
- $592,202
Location Insight
- City
- Fords
- County
- Middlesex
- State
- New Jersey
- Latitude
- 40.5286
- Longitude
- -74.3157
- 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
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