22 Center St Freehold, NJ 07728
- Commercial real estate
- 3,200 SF
- 0.31 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 22 Center St
- Year built
- 1955
- Construction
- BRICK
- Lot size
- 0.31 lot acres
- Property size
- 3,200 SF
- Zone code
- 6306
- Property type
- Commercial real estate
- APN
- 16 00062-0000-00020
- APU
- 1600062000000020
Description
This exceptional 3,200 square foot commercial building is ideally situated in the vibrant heart of Freehold Borough's commercial district, offering unparalleled convenience and accessibility. Located on Center Street, Unit 22, this property enjoys close proximity to Main Street, a wealth of restaurants, and various retail establishments, ensuring high visibility and foot traffic. The property sits on a 0.31-acre lot and includes a dedicated parking lot, eliminating parking hassles for both employees and customers. Furthermore, the building is within easy walking distance of a municipal parking lot, providing additional parking options. Recent upgrades and meticulous maintenance are evident throughout the building, showcasing a commitment to quality and longevity. These improvements include the installation of brand new windows throughout the structure, a newer roof, and a reliable generator, ensuring year-round operational efficiency and peace of mind. The property's versatile commercial zoning allows for a wide range of business uses, making it an adaptable and attractive investment opportunity. This building presents a unique chance to establish or expand your business in a thriving commercial hub. The asking price is $900,000. Don't miss this opportunity to secure a prime commercial space in a highly desirable location. Schedule a viewing today to explore the possibilities this property offers.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $350,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $420,000
- 6.5%
- $470,000
- 7%
- $480,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $480,000
- Geo Method
- $480,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $520,000
- Retail
- $430,000
- Mixed-Use
- $425,000
- Hospitality
- $460,000
- Educational
- $540,000
- Residential Income
- $535,000
- Energy
- $525,000
- Income-Based Land
- $405,000
- Food Service
- $455,000
Location Insight
- Map
- Local Demand
- City
- Freehold
- County
- Monmouth
- State
- New Jersey
- Longitude
- -74.2708
- Latitude
- 40.2606
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA