85 Prospect St, South River, NJ 08882

This exceptional 2.04-acre mixed-use property at 85 Prospect Street in South River, New Jersey, presents a compelling investment opportunity. Priced at $3,100,000, the property boasts two buildings totaling 1,691 square feet and offers significant development potential. Building One is a multi-story structure featuring 36 two-bedroom apartments (12 per floor) across three upper floors. The ground floor comprises two retail spaces, a tenant fitness center, two multi-purpose rooms, a central tenant lobby, bike storage, and tenant storage. Building Two is a single-story, free-standing retail building encompassing approximately 1,691 square feet. The property includes ample parking with 100 surface spaces. This prime location is situated within an enterprise zone, offering potential tax advantages. The property has already received approval for multi-story, mixed-use development, streamlining the path to realizing its full potential. Detailed plans are available for review. This is a rare opportunity to acquire a substantial mixed-use property in a thriving New Jersey location. The combination of existing income-generating spaces and approved development plans makes this an attractive investment for both seasoned developers and astute investors seeking strong returns. The property is located in Middlesex County, NJ, zip code 08882.