Current Use by Public Records
- Multifamily properties
Property Details for 446 Route 9
- Year built
- 1950
- Lot size
- 1.97 lot acres
- Property type
- Multifamily properties
Description
This exceptional investment opportunity presents a substantial 1.97-acre parcel situated on Route 9 in Waretown, New Jersey. The property boasts significant highway frontage, measuring 252 feet along Route 9 and an additional 604 feet of frontage on the side entrance. This prime location offers unparalleled visibility and accessibility, making it ideal for a variety of commercial ventures or continued multi-family use. Currently, two buildings are situated on the land, both of which are tenant-occupied, generating immediate rental income. The combined square footage of the existing structures totals 576 square feet. The expansive lot size provides ample space for potential expansion, redevelopment, or the addition of new structures, subject to local zoning regulations. Given the high-traffic location and substantial land area, this property presents a rare chance to acquire a significant commercial holding in a desirable New Jersey market. Investors seeking a strong return on investment with significant upside potential should act quickly to secure this exceptional opportunity. The property is being offered at $497,000. All information is deemed reliable but not guaranteed and should be independently verified.
Value Estimations
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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
- Waretown
- County
- Ocean
- State
- New Jersey
- Longitude
- -74.1953
- Latitude
- 39.7896
