22A Joyce Kilmer Ave New Brunswick, NJ 08901
This exceptional New Brunswick, NJ investment property, located at 22A & 24A Joyce Kilmer Avenue, presents a compelling opportunity for savvy investors. The property encompasses a combined 3,753 square feet and sits on a 0.09-acre corner lot at a signalized intersection, maximizing visibility and accessibility. The zoning designation is C-4, allowing for a diverse range of commercial uses, including retail, personal service businesses, restaurants, offices, and medical care centers and clinics. This flexibility makes it ideal for redevelopment or adaptive reuse. Currently configured as a mixed-use building featuring approximately 1,788 square feet of retail/mixed-use space and a separate 1,954 square foot two-family house, the property offers immediate income potential while presenting significant upside through strategic repositioning. Its prime location near the Helix (the Health & Life Science Exchange) and Rutgers School of Nursing ensures high foot traffic and a strong tenant pool. The property's 2024 property tax assessment is $17,856. This is a rare chance to acquire a well-situated, versatile property in a thriving New Jersey market with significant growth potential. The asking price for this exceptional investment is $1,400,000. Don't miss this chance to capitalize on this dynamic location and flexible zoning.
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Ministerios Internacional El Shaddi-New Brunswick Church Mosque
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.