1167 State Rte 28 Branchburg, NJ 08876-3340
- Specialty properties
- 1,804 SF
- 4.10 lot acres
Current Use by Public Records
- Specialty properties
Property Details for 1167 State Rte 28
- Year built
- 1967
- Lot size
- 4.10 lot acres
- Property size
- 1,804 SF
- Zone code
- LD
- Property type
- Specialty properties
- APN
- 05 00003-0000-00035
- APU
- 500003000000035
Description
This exceptional 4.1-acre commercial property in Branchburg Township, New Jersey, presents a remarkable investment opportunity. Located at 1167 State Route 28, this parcel boasts 410 feet of frontage and is zoned LD, offering diverse development possibilities. The property includes a 1,800 square foot freestanding building, renovated in 1995, featuring a reception area, three exam rooms, an x-ray room, two private offices, a back room with shower and laundry hookups, a kitchenette, and a full and half bathroom. The building, previously used as a veterinary clinic, has a trussed roof, simplifying potential remodeling. Existing infrastructure includes electrical, water, gas, and sewer connections, along with a newer HVAC system (approximately 3 years old). The property also features a spacious fenced-in outdoor area with a patio and storage shed, and a large paved parking lot. Its prime location offers high visibility and easy access, situated near Raritan Valley Community College. The township is open to exploring alternative zoning options, further enhancing the property's potential. Asking price is $650,000. The property was built in 1967 and is a single-story structure.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $370,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $375,000
- 6.5%
- $350,000
- 7%
- $360,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $355,000
- Geo Method
- $355,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $325,000
- Retail
- $410,000
- Mixed-Use
- $320,000
- Hospitality
- $410,000
- Educational
- $395,000
- Residential Income
- $300,000
- Energy
- $375,000
- Income-Based Land
- $420,000
- Food Service
- $370,000
Location Insight
- Map
- Local Demand
- City
- Branchburg
- County
- Somerset
- State
- New Jersey
- Longitude
- -74.6853
- Latitude
- 40.6057
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA