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    674 Rte 202/206 Bridgewater, NJ 08807

    Sponsored
    For Sale
    $229,000

    Prime Bridgewater location, 3-unit apartment building.

    Property size:
    12,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a two-story, 12,000 square foot multifamily building situated at 674 Route 202/206 #3 in Bridgewater Township, Somerset County, New Jersey, 08807. The property, zoned COMMERCIAL, offers three units and is priced at $229,000, translating to $19 per square foot. While the year built is unavailable, the building's solid construction and prime location make it an attractive proposition. The property's convenient location on Route 202/206 provides excellent visibility and accessibility. The building's multifamily nature offers a diversified income stream. While the listing mentions an adjacent unit (#4) of 1300 square feet available for sale or lease, this listing focuses solely on the 12,000 square foot building at #3. Further details regarding the individual unit layouts are not available at this time. This property is ideal for investors seeking a strong return on investment in a thriving New Jersey market. The property's commercial zoning allows for a variety of uses, providing flexibility for future development or adaptation. Serious inquiries are encouraged to explore this promising investment opportunity further.

    Property Features for 674 Rte 202/206

    General Information

    Property type
    Multifamily properties
    Square Feet
    12,000 SF

    Building Details

    Year Built
    9999
    Stories
    2
    Units
    3

    HighLights

    • $229,000 asking price.
    • 12,000 square foot retail and multifamily property.
    • Three units in a two‑story building.
    • $19 per square foot price.
    • Located at 674 Route 202/206 #3, Bridgewater Twp, NJ 08807.
    • Commercially zoned.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Bridgewater
    County
    Somerset
    State
    New Jersey
    Longitude
    -74.6231258
    Latitude
    40.6014984

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    FAQs

    What type of property is this?
    Multifamily property - Prime Bridgewater location, 3-unit apartment building.
    Where is this multifamily property located?
    The property is located at 674 Rte 202/206 Bridgewater, NJ.
    What is the asking price?
    The asking price for this property is $229,000.
    What are key features of this property?
    This property features: $229,000 asking price.; 12,000 square foot retail and multifamily property.; Three units in a two-story building.
    Request Owner's contact information
    674 Rte 202/206 Bridgewater, NJ 08807
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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
    674 Rte 202/206 Bridgewater, NJ 08807
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