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    85 Prospect St South River, NJ 08882

    For Sale
    $2,650,000

    2.04 acre development site approved for multi-story, mixed use.

    Property size:
    2 SF
    Lot size:
    2.04 Acres

    Property Features for 85 Prospect St

    General Information

    Size
    2 SF
    Lot size
    2.04 Acres

    Source: Philip Meoli Agent Philip Meoli

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

    Overview

    Development Site Approved For Mixed-Use

    This is a 2.04 acre development site approved for multi-story, mixed-use development. The location is conveniently located a short drive from the NJ Turnpike and Routes 9, 18 and 35. Building One's first floor consists of two retail spaces, a tenant fitness center, two multi-purpose rooms, a central tenant lobby, bike storage, and tenant storage in the rear. Floors 2, 3, and 4 consist of 36 two-bedroom apartments, with 12 apartments per floor. Building Two is a one-story, free-standing 1,691 square foot retail building. There are 100 total surface parking spaces. The property is located in an enterprise zone.
    Location Intelligence

    Current Use by Public Records

    Emergency Management Government Office

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    South River
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.3846747
    Latitude
    40.4528916

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    FAQs

    What type of property is this?
    Land - 2.04 acre development site approved for multi-story, mixed use.
    Where is this land located?
    The property is located at 85 Prospect St South River, NJ.
    What is the asking price?
    The asking price for this property is $2,650,000.
    What are key features of this property?
    This property features: - Approved for multi-story, mixed-use development on ±2.04 acres.; - Includes two buildings: a multi-story building with retail and 36 two-bedroom apartments, and a separate ±1,691 SF retail building.; - Convenient location near NJ Turnpike and Routes 9, 18, and 35.
    (917) 407-7079
    Request Owner's contact information
    85 Prospect St South River, NJ 08882
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    South River, NJ 08882
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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
    85 Prospect St South River, NJ 08882
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