1900 Oak Tree Rd Edison, NJ 08820
- Commercial real estate
- 0.39 lot acres
Current Use by Public Records
- Edison Family Restaurant / Restaurant / Family Restaurant
Property Details for 1900 Oak Tree Rd
- Construction
- FRAME
- Lot size
- 0.39 lot acres
- Zone code
- OS
- Property type
- Commercial real estate
- APN
- 05 00545- 20-00033- 01
- APU
- 500545200003301
Description
This exceptional commercial property presents a unique investment opportunity in a highly desirable North Edison location. The offering encompasses two parcels, 1900 and 1894 Oak Tree Road, totaling 6,000 square feet and situated on a heavily trafficked road, ensuring high visibility. The main building, 1900 Oak Tree Road, currently houses a fully operational restaurant with a 100-seat capacity, offering significant expansion potential. Attached to the restaurant are office and storage spaces, along with an upstairs apartment. The second building, 1894 Oak Tree Road, is a residential structure featuring four bedrooms, two bathrooms, and a finished basement. Both properties must be sold together. The combined properties are ideally suited for a variety of uses, including restaurants, retail establishments, office spaces, daycare centers, or physical therapy practices. The asking price for this combined property is $3,900,000. The property is located in Middlesex County, New Jersey, with the address being 1900 Oak Tree Road, Edison, NJ 08820. This is a two-story building constructed on land. The property is zoned for commercial and executive office use. The property has no units and the year built is not specified. This is a rare opportunity to acquire a substantial property in a prime location with diverse potential uses.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $335,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $325,000
- 6.5%
- $290,000
- 7%
- $320,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $255,000
- Geo Method
- $260,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $310,000
- Retail
- $330,000
- Mixed-Use
- $370,000
- Hospitality
- $370,000
- Educational
- $320,000
- Residential Income
- $305,000
- Energy
- $390,000
- Income-Based Land
- $390,000
- Food Service
- $320,000
Location Insight
- Map
- Local Demand
- City
- Edison
- County
- Middlesex
- State
- New Jersey
- Longitude
- -74.3609
- Latitude
- 40.5731
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA