Property profile

1167 State Rte 28 Branchburg, NJ 08876

OFF-MARKET
Specialty properties
Property ID
US59-1755481
1,804 SF 4.1 ac lot Built 1967
Individually Owned 28-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Specialty properties
Use group VETERINARY, ANIMAL HOSPITAL
Year built 1967
Total area 1,804 SF
Lot 4.1 ac (178,596 SF)
Zoning code LD
APN 05 00003-0000-00035
UPID US59-1755481

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1167 State Rte 28 Branchburg, NJ 08876-3340
Branchburg metro Census 53604 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$370k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$370k

Owner & transaction history

1 recorded transaction
1969
Price N/A

Zoning & alternative use

LD · Branchburg, NJ
Zoning description

The purpose of the LD zone is to provide for low density development in a manner consistent with the established pattern of development in the areas of the Township serviced by suburban infrastructure. Lots previously su…

General category RESIDENTIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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