Grand Ave Rahway, NJ 07065
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Commercial real estate
Property Details for Grand Ave
- Year built
- 1960
- Lot size
- 0.18 lot acres
- Property type
- Commercial real estate
Description
This exceptional mixed-use property, situated on a 0.18-acre lot in the heart of Rahway, NJ, presents a unique investment opportunity. The building features a spacious, modernly renovated first-floor office space, ideal for a variety of businesses. This level boasts an open floor plan, a contemporary bathroom, and a well-equipped kitchen, along with a separate, private office. The property's central location ensures high visibility and accessibility. Upstairs, a recently renovated four-bedroom apartment provides substantial rental income potential. This large apartment includes a living room, an eat-in kitchen, and convenient front and rear entrances. Both the office and apartment benefit from central air conditioning and forced hot air heating, ensuring year-round comfort. The property is zoned B1 (Neighborhood Business), offering flexibility for various commercial uses. Ample parking is available, a significant advantage in a bustling town center. This property offers a blend of income generation and prime commercial space, making it an attractive investment for discerning buyers seeking a versatile and well-maintained asset in a desirable location. The combination of a modern office and a substantial rental apartment provides a strong return on investment. The property's location in the B1 zone allows for a range of business possibilities, ensuring long-term value and potential for growth.
Value Estimations
based on Realmo’s proprietary methodology
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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
- Rahway
- County
- Union
- State
- New Jersey
- Longitude
- -74.2724
- Latitude
- 40.611
