575 New Brunswick AveWoodbridge Township, NJ 08863

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

Retail properties

Property subtype

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.

• CAP approach

  CAP return

  Valuation

  6%

  $806,633

  6.5%

  $744,584

  7%

  $691,400

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,092,824

  Geo Method

  $1,092,824

• Alternative Use

  Use

  Valuation

  Residential

  $628,085

  Hospitality

  $575,322

  Educational

  $478,661

  Medical

  $495,123

  Retail

  $744,584

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

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