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    OFF-MARKET
    Retail properties & Spaces

    1475 United States Rte 1 Hwy, Edison, NJ 08837

    Property ID
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a prime restaurant and land parcel ideally situated at 1475 US Route 1 Highway in Edison, New Jersey, zip code 08837. The property boasts a highly visible frontage on Route 1 and Lafayette Road, directly adjacent to the bustling Menlo Park Mall, ensuring significant foot and vehicle traffic. This high-traffic location is surrounded by numerous major franchise businesses, providing a strong commercial environment. The sale includes both the existing diner building and the land. The diner is currently closed following a minor kitchen fire that was contained to the cooking area. The property is being sold "as is," presenting a unique chance for redevelopment or refurbishment. The building's age is unknown. This is a rare opportunity to acquire a well-positioned commercial property in a thriving Middlesex County location, perfect for a variety of restaurant concepts or retail ventures. The asking price for this exceptional property is $3,200,000. The property's latitude and longitude coordinates are 40.542554, -74.3357159 respectively. This is a turnkey opportunity for an investor looking to capitalize on a high-traffic location in a densely populated area.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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