245 Union Ave Bridgewater, NJ 08807
- Commercial real estate
- 0.87 lot acres
Current Use by Public Records
- Parth P. Patel, MD - Dermatologist and Mohs Surgeon / Dermatologist
- Dr. Sanjna Sanghvi, DPM - Podiatrist and Foot and Ankle Surgeon / Podiatrist
- Dr. Parth Patel / Dermatologist
- PS Dermatology and Surgery / Dermatologist
- PS Foot and Ankle / Podiatrist
Property Details for 245 Union Ave
- Lot size
- 0.87 lot acres
- Zone code
- MPD
- Property type
- Commercial real estate
- APN
- 06 00206-0000-00031
- APU
- 600206000000031
Description
This exceptional single-tenant commercial property, located at 245 Union Avenue #2C in Bridgewater, New Jersey, offers 2,426 square feet of office space ideal for executive offices or other commercial uses. Situated on a 0.87-square-foot lot, this one-story building is zoned MPD and features two convenient parking spaces. The property's APN is 0600206000000031. Its strategic location in Bridgewater provides easy accessibility for clients and employees. The property is classified as both land and office space, making it a versatile option for a variety of businesses. The single-tenant occupancy ensures privacy and control over the space. This is a unique opportunity to secure a well-located, functional, and easily accessible commercial space in a thriving New Jersey community. The property's convenient location and ample parking make it an attractive option for businesses seeking a comfortable and efficient workspace. The MPD zoning allows for a range of commercial uses, providing flexibility for potential tenants. This property presents a compelling investment opportunity for businesses seeking a high-quality office space in a desirable location. The single-story design offers ease of access and navigation. The property's size and features make it suitable for a variety of business needs. This is an excellent opportunity to establish or expand a business presence in a prime Bridgewater location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,280,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,340,000
- 6.5%
- $1,320,000
- 7%
- $1,340,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,460,000
- Geo Method
- $1,140,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,430,000
- Retail
- $1,355,000
- Mixed-Use
- $1,400,000
- Hospitality
- $1,110,000
- Educational
- $1,205,000
- Residential Income
- $1,225,000
- Energy
- $1,290,000
- Income-Based Land
- $1,215,000
- Food Service
- $1,310,000
Location Insight
- Map
- Local Demand
- City
- Bridgewater
- County
- Somerset
- State
- New Jersey
- Longitude
- -74.5913
- Latitude
- 40.5712
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
