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    OFF-MARKET
    Commercial real estate

    372 Rte, Readington, NJ 08889

    Property ID
    Property summary
    AI-generated overview

    This unique commercial property, located at 372 Route 22 in Readington, New Jersey, presents a compelling investment opportunity. Priced at $1,650,000, the property offers significant potential for a variety of commercial uses. While the square footage is not currently specified, the property's strategic location on Route 22 ensures high visibility and accessibility, making it ideal for businesses seeking strong foot traffic and convenient access for customers. The property sits on a zero-acre lot, suggesting a compact and potentially easily managed site. The property type is classified as "Other," indicating a versatile space adaptable to a range of commercial ventures. Further due diligence is recommended to determine the precise zoning regulations and permitted uses for this location. Given its prime location and asking price, this property represents a rare chance to acquire a commercial asset in a thriving New Jersey market. Interested parties are encouraged to conduct thorough inspections and research to fully assess the property's potential and suitability for their specific business needs. The absence of specified square footage necessitates a site visit to accurately determine the usable space. This property is being offered as-is.

    Property profile
    Verified
    Property type Commercial real estate
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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