Mixed-Use Property with Commercial
New
For Sale
$4,850,000
34 W Railroad Avenue W, Jamesburg, NJ 08831
Two restaurant spaces share a central food-preparation facility, alongside an apartment and dedicated office area.
Property Size12,000 SF
Price / SF$404.17
Days on Market7
Property Features for 34 W Railroad Avenue W
General Information
Standard status
Active
Size
12,000 SF
Property subtype
Commercial
Additional Details
Sprinkler System
Yes
Equipment Included
Yes
Amenities
three-bedroom apartment
office space
private events space
soundproofing
Building Details
Year Built
1930
Year Renovated
2024
Buildings
1
Listing Agency:
DAVIS REALTORS
Listed By:
RUBY BHALLA
(732) 254-6700
Source:
Actionplusrealty
Added: Oct 14
Changed: Oct 19
Last Checked: Oct 19 at 4:18AM
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 DAVIS REALTORS
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Investment Insights
Based on property information with market context.
This 12,000-square-foot mixed-use building combines two restaurant storefronts with a shared commercial kitchen, a three-bedroom apartment, and office space. One dining room measures approximately 3,500 square feet and includes a bar. The property’s food-service equipment includes commercial ranges, fryers, Rational ovens, specialty cooking equipment, three coolers, two freezers, and additional refrigeration, prep, and storage areas. Much of the equipment is less than three years old.
A comprehensive renovation was completed in 2024. Improvements include a new roof, HVAC systems, kitchen exhaust systems, and sprinklers, along with soundproofing in the main dining room. The property is in downtown Jamesburg, minutes from Monroe Township and New Jersey Turnpike Exit 8A.
A comprehensive renovation was completed in 2024. Improvements include a new roof, HVAC systems, kitchen exhaust systems, and sprinklers, along with soundproofing in the main dining room. The property is in downtown Jamesburg, minutes from Monroe Township and New Jersey Turnpike Exit 8A.
Key Highlights
- 12,000‑square‑foot mixed‑use building with two restaurant storefronts
- Approximately 3,500‑square‑foot dining room with a bar
- Shared commercial kitchen with ranges, fryers, Rational ovens, three coolers, and two freezers
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$183,514
Cap Rate
3.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,670,280
$3.7M
Cap Rate 7%
$2,621,629
$2.6M
Cap Rate 9%
$2,039,044
$2.0M
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$259.2K $21.60/SF
− Vacancy
−$14.5K −$1.21/SF
EGI
$244.7K $20.39/SF
− OpEx
−$61.2K −$5.10/SF
NOI
$183.5K $15.29/SF
Area
Middlesex 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%
$3,670,280
Cap Rate 7%
$2,621,629
Cap Rate 9%
$2,039,044
Alternative Uses
Best Use
Specialty Retail
$2.62M
$2.29M – $3.06M
NOI $183,514 @ 7.0% cap · market cap 3.78%
Second Best
Industrial
$1.92M
$1.68M – $2.24M
NOI $134,691 @ 7.0% cap · market cap 2.78%
Theoretical Best
Office A
$3.13M
$2.74M – $3.66M
NOI $219,341 @ 7.0% cap · market cap 4.52%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
567
Businesses Nearby
Explore this area
Business Placement
Demographics for 08831, NJ
55,123
Population
24,898
Households
2.2
Avg Household Size
53
Median Age
51%
College-Educated
95%
High-School Grad
51.3 sq mi
ZIP Area
1,075
Density / Sq Mi
$108,741
Median Household Income
$74,340
Median Earnings
$1,872
Median Rent
$489,700
Median Home Value
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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?
Mixed-use property - Two restaurant spaces share a central food-preparation facility, alongside an apartment and dedicated office area.
Where is this mixed-use property located?
The property is located at 34 W Railroad Avenue W Jamesburg, NJ.
What is the asking price?
The asking price for this property is $4,850,000.
What are key features of this property?
This property features: 12,000‑square‑foot mixed‑use building with two restaurant storefronts; Approximately 3,500‑square‑foot dining room with a bar; Shared commercial kitchen with ranges, fryers, Rational ovens, three coolers, and two freezers
