33 Broad St Branchville, NJ 07826
- Commercial real estate
- 0.53 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 33 Broad St
- Lot size
- 0.53 lot acres
- Zone code
- COM
- Property type
- Commercial real estate
- APN
- 03 00202-0000-00036
- APU
- 300202000000036
Description
This exceptional commercial property in Branchville, NJ, presents a unique investment opportunity. The 0.53-acre lot features three buildings totaling 6,800 square feet. The main structure, a substantial concrete building, offers expansive space, two heating systems, and a large unfinished attic ideal for storage. A separate, sizable three-bay garage building provides ample additional space. A charming, single-room brick office building, complete with a new roof, adds versatility. This property's rich history as the Borden Creamery adds character and potential for creative repurposing. Numerous business possibilities exist, given the substantial space and diverse building configurations. The property's convenient location just off Route 206 ensures easy access to major roadways, enhancing its appeal. Situated in the attractive town of Branchville, near established businesses like Selective Insurance and Montague Tool and Supply Co., this property offers a blend of history, functionality, and prime location. The property is ready for a visionary owner to bring their plans to life with some renovations and TLC. This is a chance to acquire a significant commercial property in a desirable New Jersey location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $275,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $410,000
- 6.5%
- $390,000
- 7%
- $415,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $360,000
- Geo Method
- $365,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $425,000
- Retail
- $390,000
- Mixed-Use
- $415,000
- Hospitality
- $370,000
- Educational
- $340,000
- Residential Income
- $385,000
- Energy
- $335,000
- Income-Based Land
- $385,000
- Food Service
- $410,000
Location Insight
- Map
- Local Demand
- City
- Branchville
- County
- Sussex
- State
- New Jersey
- Longitude
- -74.7475
- Latitude
- 41.1464
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA