Commercial Space with Road
For Sale
Contact for pricing
2 Austin Ave Unit 1, Iselin, NJ 08830
Commercial space in convenient location with high visibility.
Property Size3,052 SF
Price / SF$0.43
Days on Market231
Property Features for 2 Austin Ave Unit 1
General Information
Standard status
Active
Size
3,052 SF
Building Details
Year Built
1930
Listing Agency:
CENTURY 21 MAIN STREET REALTY
Listed By:
BARBARA J. SANCILARDI
(732) 266-8982
Source:
Luminancerealty
Added: Mar 5
Changed: Oct 16
Last Checked: Oct 6 at 12:13AM
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 CENTURY 21 MAIN STREET REALTY
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property is a commercial space located in a free-standing building with convenient access to major highways including the Garden State Parkway, New Jersey Turnpike, Route 19, and Route 35. The property benefits from road exposure on Route 1, offering high visibility. The available space is on the first floor, left side. The tenant is responsible for electric and gas utilities, while the landlord covers cold water and sewer. Each unit includes its own half bath. The lease is a gross lease with no CAM charges. The property size is 3052 square feet.
Key Highlights
- High visibility due to Rt. 1 Road Exposure.
- Convenient location near major highways (GSP, NJ Turnpike, Route 19, Rt. 35).
- Free‑standing building.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,562
Suggested Prices Based on Cap Rates
Cap Rate 5%
$871,240
$871.2K
Cap Rate 7%
$622,314
$622.3K
Cap Rate 9%
$484,022
$484.0K
Market Conditions
NOI Build-Up for 3,052 SF
Gross rent
$65.9K $21.60/SF
− Vacancy
−$3.7K −$1.21/SF
EGI
$62.2K $20.39/SF
− OpEx
−$18.7K −$6.12/SF
NOI
$43.6K $14.27/SF
Area
Middlesex County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$871,240
Cap Rate 7%
$622,314
Cap Rate 9%
$484,022
Alternative Uses
Best Use
Retail
$622.3K
$544.5K – $726.0K
NOI $43,562 @ 7.0% cap · market cap 3,350.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$796.9K
$697.3K – $929.8K
NOI $55,786 @ 7.0% cap · market cap 4,291.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,492
Businesses Nearby
228k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 40%
Apparel 37%
Shops & Services 13%
Office Supplies 7%
Burlington
Apparel
64,881 visits/mo
0.3 miles
Olive Garden
Dining
22,859 visits/mo
0.5 miles
Wendy's
Dining
22,500 visits/mo
0.1 miles
K&G
Apparel
18,774 visits/mo
0.2 miles
Bonefish Grill
Dining
15,747 visits/mo
0.5 miles
Demographics for 08830, NJ
20,088
Population
6,618
Households
3
Avg Household Size
39
Median Age
55%
College-Educated
89%
High-School Grad
3.2 sq mi
ZIP Area
6,278
Density / Sq Mi
$112,615
Median Household Income
$61,805
Median Earnings
$2,051
Median Rent
$394,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Storefront property - Commercial space in convenient location with high visibility.
Where is this storefront property located?
The property is located at 2 Austin Ave Unit 1 Iselin, NJ.
What are key features of this property?
This property features: High visibility due to Rt. 1 Road Exposure.; Convenient location near major highways (GSP, NJ Turnpike, Route 19, Rt. 35).; Free‑standing building.
