1103 Old York Rd Ringoes, NJ 08551
- Banks
- 2,150 SF
- 0.25 lot acres
Current Use by Public Records
- Banks
Property Details for 1103 Old York Rd
- Year built
- 1890
- Construction
- FRAME
- Lot size
- 0.25 lot acres
- Property size
- 2,150 SF
- Zone code
- LB
- Property type
- Banks
- APN
- 08 00011-0000-00009
- APU
- 800011000000009
Description
This exceptional mixed-use property, situated at 1103 Old York Road in the charming town of Ringoes, New Jersey, presents a unique investment opportunity. Boasting 2,150 square feet of space on a 0.25-acre lot, this property offers immense potential for a variety of commercial uses. Currently configured as a mixed-use space, it is readily adaptable for conversion into office spaces or retail establishments, catering to a diverse range of business needs. A significant advantage is the inclusion of a private parking lot, ensuring convenient access for customers and employees. Furthermore, the property features a valuable drive-thru capability, adding considerable appeal and functionality for potential tenants. The property is being sold "as is," with the buyer responsible for all necessary inspections and obtaining a Certificate of Occupancy. This presents a chance to acquire a well-located commercial property at an attractive price point, allowing for creative redevelopment and customization to suit specific business requirements. The motivated sellers are eager to finalize a sale, making this an opportune moment for a discerning investor to secure a valuable asset in a desirable location. The property's prime location in Ringoes offers excellent visibility and accessibility, making it an ideal choice for businesses seeking a strong foothold in this thriving community.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $235,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $215,000
- 6.5%
- $195,000
- 7%
- $200,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $220,000
- Geo Method
- $180,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $210,000
- Retail
- $200,000
- Mixed-Use
- $215,000
- Hospitality
- $175,000
- Educational
- $190,000
- Residential Income
- $205,000
- Energy
- $200,000
- Income-Based Land
- $220,000
- Food Service
- $170,000
Location Insight
- Map
- Local Demand
- City
- Ringoes
- County
- Hunterdon
- State
- New Jersey
- Longitude
- -74.868
- Latitude
- 40.4271
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA