Property profile

372 Rte Readington, NJ 08889

OFF-MARKET
Commercial real estate
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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

Location

372 Rte Readington, NJ 08889
Readington metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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