48 Main StSouth Bound Brook, NJ 08880

Property Details for 48 Main St

Lot size

0.13 AC

Zone code

B

Property type

Commercial real estate

APN

19 00047-0000-00010

APU

1900047000000010

Description

This exceptional investment opportunity encompasses two strategically located parcels in the vibrant town of South Bound Brook, New Jersey. The offering includes 48 Main Street, a retail property, and 19 Cedar Street, a vacant land parcel. The combined tax assessment reflects both properties. 48 Main Street presents itself as a ready-to-occupy retail space, ideal for a variety of commercial uses, given its prime Main Street location. The adjacent 19 Cedar Street parcel offers significant potential for future development or expansion, providing an added layer of value to this combined offering. The property is situated in Somerset County, New Jersey, with a zip code of 08880. Precise lot size information for 48 Main Street is not available, however, the combined property is listed as having zero acres. The absence of structures on 19 Cedar Street provides flexibility for future development plans. This unique combination of existing retail space and undeveloped land presents a compelling opportunity for investors seeking a foothold in a thriving New Jersey market. The properties are being sold together as a single package. This presents a rare chance to acquire a combined retail and development opportunity in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,088,270

  6.5%

  $1,004,550

  7%

  $932,801

• Comparable approach

  Method

  Valuation

  Relative Method

  $758,873

  Geo Method

  $758,873

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,977,740

  Retail / Commercial

  $1,014,170

  Mixed-Use / Specialty

  $1,010,560

  Hospitality / Lodging

  $741,414

  Office

  $1,004,550

  Institutional / Educational

  $1,050,570

  Residential Income

  $1,229,170

  Multifamily

  $1,474,200

  Automotive / Energy

  $900,491

  Parking / Income-Based Land

  $310,749

  Restaurant / Food Service

  $525,599

  Healthcare / Senior Housing

  $1,036,310

Location Insight

City

South Bound Brook

County

Somerset

State

New Jersey

Latitude

40.5559

Longitude

-74.5267

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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