159-175 Prigmore St East Brunswick, NJ

This property, located on Route 18, is zoned HC-2 General Highway Commercial District, which permits hotel use. It is strategically positioned between a traffic light-controlled intersection and a roundabout, approximately 1/4 mile from the site, in the heart of the Route 18 East Brunswick retail corridor. The location benefits from a traffic count exceeding 60,488 vehicles per day. Option 1 allows for purchase as a used car dealership sales and service operation, including the transfer of business licenses, along with income-producing residential/retail components. The dealership has been operating at this location with the original owner for 52 years, fostering a large repeat and referral customer base. Option 2 presents the opportunity to purchase the property as an approximately 3-acre redevelopment site suitable for a variety of retail or multifamily apartment developments. The site includes two approved commercial properties at 616 and 592 Route 18, with 618 and 590 Route 18 offering highway frontage. Residential dwellings are located on adjacent Prigmore Street. The immediate area will see the completion of phases 2 and 3 of newly constructed luxury apartments and retail by Vermella in East Brunswick, NJ. Surrounding tenants include The Halala Guys, Smash Burger, Ulta, House of Cupcakes, Home Goods, Hand & Stone, Five Below, Mandee, Rock 'N' Air Amusement Park, Chipotle, Sarku, Papa Johns, Starbucks and Taco Bell.