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    Avenel St Avenel, NJ 07001

    Sponsored
    For Sale
    $550,000

    Versatile Property, Endless Potential, Prime Location

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 0.22-acre commercial property in Avenel, NJ, presents a unique investment opportunity. Currently operating as a well-maintained dental office, this building offers significant flexibility due to its R-6/OC zoning, permitting either detached home residential conversion or continued office use. The property's prime corner lot location ensures high visibility and accessibility, a significant advantage for any business. Convenient on-site parking is a key feature, recently enhanced with repaving and electrical upgrades. The existing dental office is in excellent condition and could easily transition into a residential dwelling, potentially a charming single-family home, or, with necessary town approvals, a multi-family residence. The building's adaptable layout and the zoning's allowance for office conversion provide a wide range of potential uses. This property is priced at $550,000 and represents a rare chance to acquire a versatile asset in a desirable location. The combination of its current functionality, zoning flexibility, and convenient parking makes this an attractive proposition for both residential and commercial investors seeking a property with significant upside potential. The recent improvements to the parking area and electrical system further enhance the property's value and appeal. Serious inquiries are encouraged to explore the full potential of this remarkable property.

    Property Features for Avenel St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    9,583 SF

    Building Details

    Year Built
    1963
    Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Avenel
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.27
    Latitude
    40.57579

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    FAQs

    What type of property is this?
    Commercial real estate - Versatile Property, Endless Potential, Prime Location
    Where is this commercial real estate located?
    The property is located at Avenel St Avenel, NJ.
    What is the asking price?
    The asking price for this property is $550,000.
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    Avenel St Avenel, NJ 07001
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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
    Avenel St Avenel, NJ 07001
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