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    1329 Roosevelt Ave Carteret, NJ 07008

    Sponsored
    For Lease
    Contact for pricing

    High-traffic location, 6,000 sqft

    Lot size:
    6,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 6,000 square foot free-standing retail building presents a remarkable opportunity for a discerning tenant. Situated on a 1.02-acre lot with an impressive 248.43-foot frontage along heavily trafficked Roosevelt Avenue in Middlesex County, this property boasts unparalleled visibility and accessibility. The site benefits from a daily traffic count of 21,500 vehicles (2017 data), ensuring significant exposure to potential customers. Currently vacant, the entire 6,000 square feet is available for lease, making it ideal for a variety of businesses. The zoning designation, HB - Highway Business, allows for a wide range of commercial uses, making it perfect for fast food restaurants, coffee shops, banks, or other similar establishments seeking a high-visibility location. The expansive frontage and ample parking provide convenient access for customers and employees alike. This property offers a unique chance to establish a thriving business in a prime commercial location with exceptional visibility and high traffic volume. The entire building is available for immediate occupancy. This is a rare opportunity to secure a prominent retail space in a high-demand area.

    Property Features for 1329 Roosevelt Ave

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,000 SF

    Unit(s) available at that property

    Space
    Proposed Building
    Size
    6,000 SF

    HighLights

    • 6,000 SF free‑standing retail building on a 1.02‑acre lot.
    • Building is currently vacant.
    • 248.43' of frontage on heavily traveled Roosevelt Avenue with 21,500 VPD (2017 data).
    • Excellent visibility and exposure.
    • Zoned HB - Highway Business in Middlesex County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Freestanding property

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Carteret
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.2448409
    Latitude
    40.592908

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    Nearby Similar for Lease

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    FAQs

    What type of property is this?
    Individual retail property - High-traffic location, 6,000 sqft
    Where is this individual retail property located?
    The property is located at 1329 Roosevelt Ave Carteret, NJ.
    What are key features of this property?
    This property features: 6,000 SF free-standing retail building on a 1.02-acre lot.; Building is currently vacant.; 248.43' of frontage on heavily traveled Roosevelt Avenue with 21,500 VPD (2017 data).
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    Carteret, NJ 07008
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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
    1329 Roosevelt Ave Carteret, NJ 07008
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