Property profile

1475 Highway Ter Edison, NJ 08837

OFF-MARKET
Retail properties & Spaces
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Property summary

AI-generated overview

This exceptional commercial property, located at 1475 U.S. Highway 1 in Edison, New Jersey (zip code 08837), presents a unique investment opportunity. Currently housing a diner, this two-story building sits on a 0.69-acre lot and offers immense potential for redevelopment or continued operation as a restaurant. The property boasts a highly visible location on a major thoroughfare, Route 1 South, experiencing approximately 93,000 vehicles daily, ensuring high traffic and exposure. Its convenient access from both Route 1 and Lafayette Road provides easy ingress and egress. The sale includes the land, building, and existing fixtures, allowing for immediate occupancy and operation. Abundant parking is available on-site. The property's versatility allows for various uses, including the possibility of a duplex franchise location, given the presence of other franchises in the area. The asking price is $3,200,000. This is an ideal opportunity for restauranteurs, investors, or franchisees seeking a prime location with significant development potential in a high-traffic area. The property's existing structure can be easily adapted to suit a variety of restaurant concepts or completely redeveloped to meet specific needs. Don't miss this chance to acquire a valuable commercial asset in a thriving New Jersey market.

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

Location

1475 Highway Ter Edison, NJ 08837
Edison metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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