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    New York Ave Colonia, NJ 07067

    For Sale
    $368,000

    Prime Corner Lot, 700 Sq Ft Office

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This freestanding commercial office building, situated on a desirable 0.09-acre corner lot in Colonia, NJ, presents a fantastic investment opportunity. The 700-square-foot brick building boasts a versatile open-concept layout, ideal for a variety of businesses. A private bathroom adds convenience, while recent upgrades, including brand new flooring and a recently installed hot water tank, ensure a move-in ready condition. Ample storage space is available in the full basement. Central air conditioning provides comfort during warmer months. The property's prime location offers unparalleled access to Colonia's vibrant downtown area, with its numerous shopping and dining options. Public transportation is readily available, and major roadways are easily accessible, ensuring a seamless commute for employees and clients. This exceptional property is perfectly positioned to support business growth and success. The combination of its attractive features, convenient location, and recent upgrades makes this an excellent opportunity for any discerning investor or business owner seeking a thriving commercial space in a highly sought-after area. Don't miss out on this chance to establish or expand your business in a prime Colonia location.

    Property Features for New York Ave

    General Information

    Property type
    Other commercial real estate
    Lot Size
    3,920 SF

    Building Details

    Year Built
    1987
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Colonia
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.31643
    Latitude
    40.60046

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Corner Lot, 700 Sq Ft Office
    Where is this commercial real estate located?
    The property is located at New York Ave Colonia, NJ.
    What is the asking price?
    The asking price for this property is $368,000.
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    New York Ave Colonia, NJ 07067
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    New York Ave Colonia, NJ 07067
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