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    241 Union Ave Bound Brook, NJ 08805

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    For Lease
    $8,000 /Mo

    3,000 sqft retail space available for rent in Bound Brook.

    Property Features for 241 Union Ave

    General Information

    Standard status
    Active

    Source: RE/MAX FORTUNE PROPERTIES Agent SHIN CHUNG

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space in Bound Brook

    A 3,000 sqft retail space is available for rent. The space is currently used as a Korean Tae Kwon Do School. Originally configured as two 1,500 sqft stores, the space has been renovated into a single unit. The property includes 16 parking spaces on the premises and is zoned B-1.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bound Brook
    County
    Somerset
    State
    New Jersey
    Longitude
    -74.5407344
    Latitude
    40.5675284

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    FAQs

    What type of property is this?
    Retail space - 3,000 sqft retail space available for rent in Bound Brook.
    Where is this retail space located?
    The property is located at 241 Union Ave Bound Brook, NJ.
    What are key features of this property?
    This property features: - 3,000 sqft of retail space.; - 16 parking spaces on the premises.; - B-1 zoning.
    (201) 816-8889
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    Bound Brook, NJ 08805
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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
    241 Union Ave Bound Brook, NJ 08805
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