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Property profile & analytics
OFF-MARKET Estimated value $695,000
Commercial real estate

17 Main St Cranbury, NJ 08512-3203

3,308 SF 0.18 ac lot Built 1835
Individually Owned 5-yr Hold ~ Est. High Equity
Property ID
US59-3081805
Property summary
AI-generated overview

This exceptional 3,308 square foot restaurant and storefront property, located at 17 N Main St in the heart of Cranbury, New Jersey, presents a rare investment opportunity. The building, recently renovated, boasts a prime location in a thriving downtown area. Currently operating as a specialty gourmet Greek market, offering fresh daily options and a wide array of Mediterranean food products, the space is zoned for commercial use and sits on a 0.17-acre lot. The asking price is $995,000, translating to $300.79 per square foot. This turnkey operation is ideal for a discerning buyer seeking a profitable venture in a desirable New Jersey town. The property's attractive features and established clientele make it a highly sought-after asset. The sale is structured to facilitate a 1031 exchange, offering significant tax advantages for qualified investors. This is a truly unique opportunity to acquire a flourishing business and a beautifully renovated building in a vibrant community. Don't miss out on this exceptional investment prospect in Middlesex County, NJ, zip code 08512. The property's prime location and recent renovations ensure a strong return on investment. Serious inquiries only.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1835
Construction STONE
Total area 3,308 SF
Lot 0.18 ac (7,754 SF)
Zoning code V/HR
APN 02 00023-0000-00109
UPID US59-3081805
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Market On Main Cranbury Specialty Food Shop
  • Molto Bene Ristorante & Cicchetti Bar Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$650k
CAP Approach CAP
$440k
Comparable Approach Comparable
$805k
Blend (final) Blend
$695k
Owner & transaction history
Panagiota Giannos Ftikas · 5 yrs held
Panagiota Giannos Ftikas
since 2021
Last sale
$900,000
5 recorded transactions
2021
$630,000
2015
$599,000
2007
$599,000
2005
Price N/A
1969
Price N/A
Zoning & alternative use
V/HR · Cranbury, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $905,000 +11.5%
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