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    1274 State Route 31 Lebanon, NJ 08833

    Sponsored
    For Sale
    $499,000

    Retail space, land, owner financing available.

    Property size:
    2,900 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional commercial property, located at 1274 State Route 31 in Lebanon, New Jersey, presents a unique investment opportunity. The property encompasses a total of 2,900 square feet situated on a 0.22-acre lot. The main building features 2,000 square feet of first-floor retail space, boasting an open floor plan and varying ceiling heights, ideal for a variety of commercial uses. Adding to the property's versatility is a 900-square-foot, one-bedroom apartment located on the second floor. The first floor benefits from central air conditioning, while the second floor features a window unit. This property is being sold "AS IS," with inspections at the buyer's expense for informational purposes only. Attractive owner financing is available, requiring a one-third down payment. The property's strategic location on a major highway provides excellent visibility and accessibility, making it an ideal location for businesses seeking high traffic exposure. This is a rare opportunity to acquire a versatile commercial property with significant potential in a desirable New Jersey location. The property is zoned for commercial use and is ready for immediate occupancy.

    Property Features for 1274 State Route 31

    General Information

    Property type
    Land
    Square Feet
    2,900 SF
    Lot Size
    9,583 SF

    HighLights

    • $499,000 asking price.
    • Retail and land property totaling 2,900 square feet.
    • 0.22‑acre lot size.
    • Located at 1274 State Route 31, Lebanon, NJ 08833.
    • Features 2,000 square feet of first‑floor office space and a 900 square foot second‑floor apartment.
    • Owner financing available with a 1/3 down payment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Lebanon
    County
    Hunterdon
    State
    New Jersey
    Longitude
    -74.8781474
    Latitude
    40.6101406

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    FAQs

    What type of property is this?
    Land - Retail space, land, owner financing available.
    Where is this land located?
    The property is located at 1274 State Route 31 Lebanon, NJ.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: $499,000 asking price.; Retail and land property totaling 2,900 square feet.; 0.22-acre lot size.
    Request Owner's contact information
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    Lebanon, NJ 08833
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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
    1274 State Route 31 Lebanon, NJ 08833
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