1335 Harding Hwy Richland, NJ 08350
- Commercial real estate
- 513 SF
- 0.83 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1335 Harding Hwy
- Year built
- 1953
- Lot size
- 0.83 lot acres
- Property size
- 513 SF
- Zone code
- PVRC
- Property type
- Commercial real estate
- APN
- 05 04526-0000-00006
- APU
- 504526000000006
Description
This exceptional 3,000 square foot retail property is situated on the highly trafficked Harding Highway in Richland, NJ. Previously operating as a gas station (with all underground tanks removed and complete Department of Environmental Protection documentation available), the main building currently functions as a thriving two-bay auto repair shop. The sale includes an adjacent building, previously used as a cafГ© and barbecue restaurant, offering significant expansion or redevelopment potential. The property's prime highway location ensures exceptional visibility and accessibility, making it ideal for a variety of commercial uses. The existing auto repair business provides a strong foundation for continued operation or a seamless transition to a new tenant. The inclusion of the second building presents a unique opportunity to expand existing operations, create additional rental income, or develop a completely new concept. This versatile property offers a compelling investment opportunity for entrepreneurs and savvy investors seeking a high-traffic location with significant upside potential. The property is being sold as-is. All interested parties are encouraged to conduct their own due diligence.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $265,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $165,000
- 6.5%
- $180,000
- 7%
- $185,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $200,000
- Geo Method
- $185,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $200,000
- Retail
- $160,000
- Mixed-Use
- $195,000
- Hospitality
- $185,000
- Educational
- $175,000
- Residential Income
- $150,000
- Energy
- $150,000
- Income-Based Land
- $170,000
- Food Service
- $175,000
Location Insight
- Map
- Local Demand
- City
- Richland
- County
- Atlantic
- State
- New Jersey
- Longitude
- -74.8662
- Latitude
- 39.4906
- CBSA code
- 12100
- CBSA name
- ATLANTIC CITY, NJ METROPOLITAN STATISTICAL AREA