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    694 Pompton Ave Cedar Grove, NJ 07009

    Sponsored
    For Sale
    $950,000

    ±0.51-acre commercial lot, redevelopment opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional ±0.51-acre commercial land parcel presents a unique redevelopment opportunity in the thriving Cedar Grove, New Jersey market. Located at 694 Pompton Avenue, this property boasts a highly desirable corner lot position, offering excellent visibility and accessibility. The lot is identified as Block 170, Lot 44, within Essex County. Its strategic location is directly across from a bus stop serviced by NJ Transit routes 11 and 195, ensuring convenient access for employees and customers. The property's zoning is designated for commercial use, providing flexibility for a variety of development projects. The 2021 property taxes were $7,923.31. This prime location, combined with its size and zoning, makes this an ideal investment for developers seeking a high-impact project in a vibrant community. The asking price for this exceptional opportunity is $950,000. Serious inquiries are encouraged to explore the potential of this remarkable commercial land parcel. Detailed site plans and zoning information are available upon request. Don't miss this chance to acquire a significant piece of Cedar Grove's commercial landscape.

    Property Features for 694 Pompton Ave

    General Information

    Property type
    Land
    Lot Size
    22,216 SF

    HighLights

    • 0.51‑acre lot.
    • Block 170, Lot 44.
    • Corner lot, across from NJ Transit bus stop (routes 11 & 195).
    • 2021 taxes: $7,923.31.
    • Commercially zoned.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant 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
    Cedar Grove
    County
    Essex
    State
    New Jersey
    Longitude
    -74.2310239
    Latitude
    40.8568209

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    Nearby Similar for Sale

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      Mixed-Use Commercial Property For Sale

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    FAQs

    What type of property is this?
    Land - ±0.51-acre commercial lot, redevelopment opportunity.
    Where is this land located?
    The property is located at 694 Pompton Ave Cedar Grove, NJ.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: 0.51-acre lot.; Block 170, Lot 44.; Corner lot, across from NJ Transit bus stop (routes 11 & 195).
    (973) 379-6644
    Request Owner's contact information
    694 Pompton Ave Cedar Grove, NJ 07009
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    Cedar Grove, NJ 07009
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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
    694 Pompton Ave Cedar Grove, NJ 07009
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