1010 Us Highway 202 Branchburg, NJ 08876
- Commercial real estate
- 8,250 SF
Current Use by Public Records
- Commercial real estate
Property Details for 1010 Us Highway 202
- Year built
- 1968
- Property size
- 8,250 SF
- Property type
- Commercial real estate
Description
This exceptional 8,250 square foot strip mall is situated at 1010 US Highway 202, Unit 1010, in Branchburg, New Jersey. Currently configured as a single-level commercial space, this property presents a unique investment opportunity due to its prime location on a busy highway, surrounded by numerous corporations and hotels, ensuring high visibility and foot traffic. The existing structure offers significant potential for expansion. A key advantage is the possibility of adding two additional levels, creating up to sixteen new apartment units. This expansion would dramatically increase the property's value and rental income, making it an even more attractive investment. The asking price for this remarkable property is $2,800,000. The property sits on a 0-acre lot, offering ample space for the existing structure and potential future development. This is a rare chance to acquire a well-located commercial property with substantial upside potential in a thriving area. The strategic location and expansion possibilities make this an ideal investment for those seeking strong returns and long-term growth. Don't miss this opportunity to own a piece of Branchburg's vibrant commercial landscape.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Branchburg
- County
- Somerset
- State
- New Jersey
- Longitude
- -74.6916
- Latitude
- 40.5653
