112 Wood Ave Linden, NJ 07036-4202
- Commercial real estate
- 2,477 SF
- 0.11 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 112 Wood Ave
- Year built
- 1910
- Construction
- BRICK
- Lot size
- 0.11 lot acres
- Property size
- 2,477 SF
- Property type
- Commercial real estate
- APN
- 09 00200-0000-00032
- APU
- 900200000000032
Description
This exceptional mixed-use property at 112 N Wood Ave, Linden, NJ, presents a unique investment opportunity. The building boasts a two-story layout, featuring a ground-level storefront ideal for retail or commercial use. The second floor offers a large, open space, currently gutted, providing a blank canvas for customization to suit a variety of needs, from office space to residential conversion. Located in the heart of downtown Linden, this property benefits from unparalleled accessibility. Its proximity to the train station, just half a block away, ensures high visibility and convenient access for commuters and customers. The building's location also guarantees a steady flow of pedestrian traffic, maximizing exposure for any business. A significant advantage is the private parking located at the rear of the building, a rare amenity in this downtown area. This secure parking provides added convenience for tenants and visitors. The property sits on a 0.1-acre lot. The asking price is $990,000. This versatile property offers significant potential for a savvy investor or business owner looking to establish a presence in a thriving downtown location. The combination of prime location, convenient parking, and adaptable space makes this a truly exceptional opportunity. The building's mixed-use zoning allows for a wide range of possibilities, making it an attractive investment for those seeking a high-return property in a desirable area.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $340,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $545,000
- 6.5%
- $505,000
- 7%
- $465,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $491,000
Market price range: $169k - $501k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $550,000 Current use
- OFFICE BUILDING
- $505,000 Change: -9% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Linden
- County
- Union
- State
- New Jersey
- Longitude
- -74.2526
- Latitude
- 40.6312
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA