283 Us Highway 206 Branchville, NJ 07826
- Commercial real estate
- 0.53 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 283 Us Highway 206
- Year built
- 1940
- Construction
- FRAME
- Lot size
- 0.53 lot acres
- Zone code
- V-1
- Property type
- Commercial real estate
- APN
- 17 01101-0000-00013
- APU
- 1701101000000013
Description
This exceptional commercial property, located at 283 US Highway 206, Unit 283 in Sandyston, NJ, presents a unique investment opportunity. The building, boasting a total of 3,703 square feet, sits on a combined 1.16 acres of land (two lots totaling 0.53 acres each) and enjoys a highly visible position on the busy Route 206. Currently operating as a general store and bakery, this charming building offers immense potential for a variety of commercial uses. The main floor, exceeding 1600 square feet, includes a well-appointed serving area, reception area, kitchen, two entrances, a half-bath, and ample storage space. Upstairs, over 1000 square feet of space provides an office, laundry/half bath, and a large open area suitable for rental or expansion. Previously used as an antique store, this versatile space is adaptable to many business needs. A sizable basement, also exceeding 1000 square feet, offers additional storage capacity. The property is zoned V-1, and features outdoor seating areas on the porch and expansive lawn. This property is priced at $749,900 and offers a blend of historic charm and modern convenience in a high-traffic location. Don't miss this chance to own a piece of Sandyston's vibrant commercial landscape.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $375,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $360,000
- 6.5%
- $355,000
- 7%
- $375,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $380,000
- Geo Method
- $330,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $345,000
- Retail
- $355,000
- Mixed-Use
- $375,000
- Hospitality
- $400,000
- Educational
- $360,000
- Residential Income
- $380,000
- Energy
- $360,000
- Income-Based Land
- $355,000
- Food Service
- $390,000
Location Insight
- Map
- Local Demand
- City
- Sandyston
- County
- Sussex
- State
- New Jersey
- Longitude
- -74.8015
- Latitude
- 41.2577
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
