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    2320 New Rd Northfield, NJ 08225

    For Sale
    $395,000

    Vacant, 2,000 SF, High Traffic Area

    Property size:
    2,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 2,000-square-foot commercial property, formerly a gas station, presents a unique investment opportunity in the thriving town of Northfield, New Jersey. Located at 2320 New Rd, 08225, this vacant building sits on a sizable 0.49-acre lot (approximately 146' x 147'), offering ample space for redevelopment or repurposing. The property's strategic location on a major highway ensures high visibility and accessibility, placing it within a bustling commercial district. Nearby businesses include Wawa, Conoco, and various professional and medical offices, indicating a strong and diverse local economy. The property is zoned COM, allowing for a wide range of commercial uses. The building itself previously functioned as a mechanic's shop, and all lifts remain in place, presenting a potential advantage for automotive-related businesses. Abundant on-site parking further enhances its appeal to a variety of potential tenants. The asking price is $395,000, translating to $197.50 per square foot. This property offers significant potential for investors seeking a high-traffic location with versatile zoning and existing infrastructure. Don't miss this chance to acquire a prime commercial asset in a rapidly growing area.

    Property Features for 2320 New Rd

    General Information

    Property type
    Automotive properties
    Square Feet
    2,000 SF
    Lot Size
    21,344 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Appraisal Services, Inc. Real Estate Appraiser

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Northfield
    County
    Atlantic
    State
    New Jersey
    Longitude
    -74.5634689
    Latitude
    39.3644871

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    FAQs

    What type of property is this?
    Automotive property - Vacant, 2,000 SF, High Traffic Area
    Where is this automotive property located?
    The property is located at 2320 New Rd Northfield, NJ.
    What is the asking price?
    The asking price for this property is $395,000.
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    2320 New Rd Northfield, NJ 08225
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    Northfield, NJ 08225
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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
    2320 New Rd Northfield, NJ 08225
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