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    465 Union Ave Bound Brook, NJ 08805

    For Sale
    Contact for pricing

    Prime 6,051 SF Retail/Mixed-Use Building

    Property size:
    6,051 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 6,051-square-foot mixed-use property, located at 465 West Union Avenue in Bound Brook, New Jersey, presents a unique investment opportunity. Situated on a 0.344-acre lot, the single-story building boasts 100 feet of frontage on West Union Avenue, ensuring high visibility and accessibility. Currently undergoing township approval for conversion to a mixed-use development incorporating residential units and ground-floor retail space, this property offers significant potential for future income generation. The building includes a convenient rear loading door, and the rear lot offers the possibility of creating additional on-site parking beyond the existing 8 spaces. The asking price is $18 per square foot. This prime location in Somerset County, zip code 08805, offers easy access to major transportation routes and a thriving local community. The property's versatility and potential for redevelopment make it an attractive investment for both seasoned developers and astute investors seeking a high-return opportunity in a desirable New Jersey market. The current zoning and development plans should be independently verified.

    Property Features for 465 Union Ave

    General Information

    Property type
    Mixed-use properties
    Square Feet
    6,051 SF
    Lot Size
    14,985 SF

    Building Details

    Stories
    1

    HighLights

    • Sale Price: Call for Quote
    • 100' frontage on West Union Avenue
    • Pending township approval for mixed‑use conversion (residential & ground floor retail)
    • Rear loading door
    • Potential for additional on‑site parking
    • Asking rent: $18/SF
    Property Profile Insight Report 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
    Bound Brook
    County
    Somerset
    State
    New Jersey
    Longitude
    -74.5465571
    Latitude
    40.5681321

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    FAQs

    What type of property is this?
    Mixed-use property - Prime 6,051 SF Retail/Mixed-Use Building
    Where is this mixed-use property located?
    The property is located at 465 Union Ave Bound Brook, NJ.
    What are key features of this property?
    This property features: Sale Price: Call for Quote; 100' frontage on West Union Avenue; Pending township approval for mixed-use conversion (residential & ground floor retail)
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    465 Union Ave Bound Brook, NJ 08805
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    Bound Brook, NJ 08805
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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
    465 Union Ave Bound Brook, NJ 08805
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