Main St Spotswood, NJ 08884
This charming 3-bedroom, 2-bathroom colonial home, situated on a 0.3-acre lot in Spotswood, NJ, presents a unique investment opportunity. Currently used as a residential property, it's zoned General Commercial, opening doors to a wide array of possibilities. The property boasts classic architectural details including arched openings, original hardwood flooring, spacious rooms, and high ceilings, all ready for a modern update. A full basement and a walk-up attic offer significant potential for expansion. Enjoy a wrap-around porch and the convenience of ample parking via the adjacent Walgreens access road. The home features newer windows and a brand-new roof will be installed before closing, eliminating a significant expense for the buyer. Located on busy Main Street, this property benefits from high visibility and convenient access to major roadways including Route 18, Route 527, and the New Jersey Turnpike. Surrounded by established commercial businesses, this property is poised to capitalize on the dense, thriving Spotswood community. Priced at $469,900, this is an exceptional opportunity to acquire a versatile property with significant upside.
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
Similar Nearby for Sale
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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.