2053 Woodbridge Ave Edison, NJ 08817
- Commercial real estate
- 1,501 SF
- 0.36 lot acres
Current Use by Public Records
- Law Offices of Paul C Kim / Attorney
- KENNETH VERCAMMEN AND ASSOCIATES, PC / Estate Planning Attorney / Criminal Justice Attorney
- Immigration Law Office / Attorney
Property Details for 2053 Woodbridge Ave
- Year built
- 1922
- Construction
- FRAME
- Lot size
- 0.36 lot acres
- Property size
- 1,501 SF
- Zone code
- LB
- Property type
- Commercial real estate
- APN
- 05 00244-0000-00007- 01
- APU
- 50024400000000701
Description
This exceptional commercial property in Edison, NJ, presents a unique investment opportunity. Located at 2053 Woodbridge Avenue #A, this single-tenant, 170 sq ft space is situated on a 0.356 sq ft lot and features a freshly renovated interior. The property boasts two connecting private offices (approximately 12.4 x 9.4 ft and 8 x 9 ft), plus a shared reception area, creating a functional and efficient layout ideal for a small business or professional practice. The space benefits from abundant natural light thanks to large windows facing Woodbridge Avenue and additional side windows. Conveniently located on the first floor, the property offers easy access and high visibility. The building includes one parking space for the tenant and features modern amenities such as color-coordinated walls, new carpeting, central air conditioning and heat, an alarm system, and security cameras. All utilities are included in the rent. Its strategic location in South Edison provides easy access to major roadways including Route 1, Route 130, Route 18, and the New Jersey Turnpike, as well as proximity to public transportation, shopping centers, and the vibrant communities of New Brunswick, Highland Park, Metuchen, and Rutgers University. The property is zoned LB and has APN 0500244000000007. This is an excellent opportunity for an attorney, financial planner, accountant, insurance agent, or other small business seeking a well-appointed and conveniently located office space.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $300,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $340,000
- 6.5%
- $310,000
- 7%
- $290,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $495,000
- AI Estimate
- $312,000
Market price range: $428k - $762kMarket price range: $282k - $470k
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Location Insight
- Map
- Local Demand
- City
- Edison
- County
- Middlesex
- State
- New Jersey
- Longitude
- -74.4001
- Latitude
- 40.5007
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA