31 Randolph St Carteret, NJ 07008
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Retail properties & Spaces
Property Details for 31 Randolph St
- Lot size
- 0.41 lot acres
- Property size
- 9,000 SF
- Property type
- Retail properties & Spaces
- Property subtype
- Grocery and convenience stores
Description
This offering presents a unique opportunity to acquire a vacant, approximately 9,000 square foot retail building, formerly a hardware store, situated on a 0.41-acre corner lot in Carteret, New Jersey. The property boasts excellent street frontage on Randolph Street and Peter J Sica Industrial Highway, providing high visibility and accessibility. Included in the sale is an adjacent vacant single-family house, adding significant potential for future development or expansion. The property is classified as Class C and is offered fee simple. The building is currently vacant and ready for immediate occupancy or redevelopment. Its location within Carteret's Urban Enterprise Zone offers potential tax advantages. Carteret itself benefits from a strong average household income of $101,888, and its proximity to the New Jersey Turnpike ensures easy access to regional markets. The larger Middlesex County area boasts a population exceeding 870,000, providing a substantial customer base. This infill location presents a compelling investment opportunity for owner-users or investors seeking a well-positioned property in a thriving market.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Carteret
- County
- Middlesex
- State
- New Jersey
- Longitude
- -74.2171
- Latitude
- 40.5812
