Bank Branch Redevelopment
For Sale
Contact for pricing
118 W Main St, High Bridge, NJ 08829
Versatile property suitable for redevelopment or repurposing in High Bridge.
Property Size1,710 SF
Lot Size0.88 Acres
Price / SF$350.82
Days on Market214
Property Features for 118 W Main St
General Information
Standard status
Active
Size
1,710 SF
Lot size
0.88 Acres
Property subtype
Retail
Zoning
MUC
Building Details
Year Built
1970
Buildings
1
Stories
1
Listing Agency:
KW Commercial/ Richardson Commercial Group
Listed By:
Steven Marusky, CCIM, GRI · License #NJ 7855828
(609) 586-1000
Source:
Crexi
Added: Mar 6
Changed: Aug 8
Last Checked: Jul 26 at 3:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Commercial/ Richardson Commercial Group
Investment Insights
Based on property information with market context.
This existing bank branch is located on an oversized 0.88-acre lot. The property includes frontage and parking for approximately 18 vehicles. The site offers opportunities for expansion or redevelopment due to its size. Several options exist for repurposing the property, including office space, retail establishments, or a day care center. The zoning also permits mixed-use development with owner-occupied residential units above one or more commercial uses on the first floor. The property size is 1710 square feet.
Key Highlights
- Oversized .88 acre lot offers expansion or redevelopment potential.
- Ample frontage and parking for 18± vehicles.
- Versatile zoning permits office, retail, or day care conversions.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,151
Cap Rate
4.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$523,020
$523.0K
Cap Rate 7%
$373,586
$373.6K
Cap Rate 9%
$290,567
$290.6K
Market Conditions
NOI Build-Up for 1,710 SF
Gross rent
$36.9K $21.60/SF
− Vacancy
−$2.1K −$1.21/SF
EGI
$34.9K $20.39/SF
− OpEx
−$8.7K −$5.10/SF
NOI
$26.2K $15.29/SF
Area
Hunterdon County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$523,020
Cap Rate 7%
$373,586
Cap Rate 9%
$290,567
Alternative Uses
Best Use
Specialty Retail
$373.6K
$326.9K – $435.9K
NOI $26,151 @ 7.0% cap · market cap 4.36%
Second Best
Retail
$348.7K
$305.1K – $406.8K
NOI $24,407 @ 7.0% cap · market cap 4.07%
Theoretical Best
Office A
$446.5K
$390.7K – $520.9K
NOI $31,256 @ 7.0% cap · market cap 5.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
55
Businesses Nearby
Explore this area
Business Placement
Demographics for 08829, NJ
3,566
Population
1,485
Households
2.4
Avg Household Size
41
Median Age
49%
College-Educated
97%
High-School Grad
2.4 sq mi
ZIP Area
1,486
Density / Sq Mi
$116,424
Median Household Income
$60,983
Median Earnings
$1,747
Median Rent
$298,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Bank - Versatile property suitable for redevelopment or repurposing in High Bridge.
Where is this bank located?
The property is located at 118 W Main St High Bridge, NJ.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Oversized .88 acre lot offers expansion or redevelopment potential.; Ample frontage and parking for 18± vehicles.; Versatile zoning permits office, retail, or day care conversions.
