136 2Nd St Riverside, NJ 08075
- Commercial real estate
- 1,985 SF
- 0.12 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 136 2Nd St
- Year built
- 1940
- Lot size
- 0.12 lot acres
- Property size
- 1,985 SF
- Zone code
- R4
- Property type
- Commercial real estate
- APN
- 30 01103-0000-00001- 02
- APU
- 300110300000000102
Description
This exceptional investment opportunity presents a 2,000 square foot office building situated at 136 2nd Street in the vibrant town of Riverside, New Jersey. The property boasts a strategic location within the community, offering convenient access to local amenities and major transportation routes. The building itself sits on a 0.12-acre lot, providing ample space and potential for future development or expansion. The interior comprises 2,000 square feet of well-maintained office space, ready for immediate occupancy or customization to suit a variety of business needs. The building's layout is versatile and adaptable, making it suitable for a range of professional uses. The asking price of $195,000 represents a compelling value in the current market, making this an attractive proposition for both seasoned investors and first-time buyers seeking a strong return on investment. The property's prime location and versatile space combine to create a unique opportunity to establish a thriving business or secure a valuable addition to an existing portfolio. Serious inquiries are encouraged to explore this promising investment prospect further. Detailed property information and financial documents are available upon request. Don't miss this chance to acquire a well-positioned office building in a desirable New Jersey location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $150,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $170,000
- 6.5%
- $175,000
- 7%
- $185,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $185,000
- Geo Method
- $170,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $200,000
- Retail
- $180,000
- Mixed-Use
- $155,000
- Hospitality
- $185,000
- Educational
- $175,000
- Residential Income
- $165,000
- Energy
- $185,000
- Income-Based Land
- $200,000
- Food Service
- $195,000
Location Insight
- Map
- Local Demand
- City
- Riverside
- County
- Burlington
- State
- New Jersey
- Longitude
- -74.9637
- Latitude
- 40.0346
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA