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    1022 Us Hwy 1 Hwy Woodbridge Township, NJ 07001

    Sponsored
    For Sale
    $1,125,000

    Avenel, NJ: Build Your Vision

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 0.44-acre commercial land parcel presents a unique investment opportunity in the thriving Avenel section of Woodbridge Township, New Jersey. Strategically located on heavily trafficked US Highway 1, this corner lot boasts unparalleled visibility and accessibility, ensuring maximum exposure for any future development. Previously approved for a retail building of up to 3,200 square feet, this property offers significant potential for a variety of commercial uses, subject to Township approval. The site's prime location within the Route 1 Redevelopment area signifies its potential for substantial growth and return on investment. The asking price is $1,125,000. This is a land-only sale; a separate listing exists for leasing the property. The property's address is 1022 US Highway 1 Highway N, Avenel, NJ 07001. Given its location and prior approvals, this parcel represents a compelling opportunity for developers and investors seeking a high-impact commercial venture in a dynamic and rapidly developing area. Serious inquiries are encouraged. Note that the lot size is 0.44 acres.

    Property Features for 1022 Us Hwy 1 Hwy

    General Information

    Property type
    Land

    HighLights

    • $1,125,000 asking price.
    • 0.44‑acre commercial land parcel.
    • Located at 1022 US Highway 1, Avenel, NJ 07001.
    • High visibility corner lot on Route 1.
    • Previously approved for a 3,200 sq ft retail building (Township approval required for new development).
    • Separate lease listing available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Woodbridge Township
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.283634
    Latitude
    40.580978

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    FAQs

    What type of property is this?
    Land - Avenel, NJ: Build Your Vision
    Where is this land located?
    The property is located at 1022 Us Hwy 1 Hwy Woodbridge Township, NJ.
    What is the asking price?
    The asking price for this property is $1,125,000.
    What are key features of this property?
    This property features: $1,125,000 asking price.; 0.44-acre commercial land parcel.; Located at 1022 US Highway 1, Avenel, NJ 07001.
    Request Owner's contact information
    1022 Us Hwy 1 Hwy Woodbridge Township, NJ 07001
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    1022 Us Hwy 1 Hwy
    Woodbridge Township, NJ 07001
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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
    1022 Us Hwy 1 Hwy Woodbridge Township, NJ 07001
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