171 Main St South River, NJ 08882
- Office buildings
- 8,370 SF
- 0.30 lot acres
Current Use by Public Records
- Tabori Steven DMD LLC / Dentist
- Jersey Drive Driving School / Driving School
- Travel Clinics of America / Family Practice Physician / Doctor
- Mackay Marine / Electronics Store
- Daniel S. Gray, DC / Chiropractor
Property Details for 171 Main St
- Year built
- 1950
- Lot size
- 0.30 lot acres
- Property size
- 8,370 SF
- Property type
- Office buildings
- APN
- 23 00103-0000-00015- 01
- APU
- 230010300000001501
Description
This exceptional 8,370 square foot office building, situated at 171 Main Street in South River, New Jersey, presents a compelling investment opportunity for both owner-users and investors. The property boasts a convenient location near major roadways including the NJ Turnpike, Route 18, and Route 1, ensuring easy accessibility for employees and clients. Recently renovated common areas and a newer roof enhance the building's appeal. Currently, four of the six suites are leased to long-term tenants, generating consistent rental income. The two vacant suites offer significant potential for owner-occupancy or further value-add opportunities for investors. These vacant spaces are ideally suited for a variety of medical and professional uses, including but not limited to physical therapy, chiropractic services, IT firms, home healthcare providers, legal practices, accounting firms, and contracting businesses. The building sits on a 0.301-square-foot lot and is a single-story structure. The asking price is $1,499,900. This property offers a blend of immediate income generation and future growth potential in a highly desirable location. Contact us today to arrange a viewing and explore this remarkable opportunity.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,045,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,015,000
- 6.5%
- $1,100,000
- 7%
- $930,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $925,000
- Geo Method
- $1,100,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,015,000
- Retail
- $1,135,000
- Mixed-Use
- $1,040,000
- Hospitality
- $1,075,000
- Educational
- $935,000
- Residential Income
- $1,075,000
- Energy
- $995,000
- Income-Based Land
- $885,000
- Food Service
- $875,000
Location Insight
- Map
- Local Demand
- City
- South River
- County
- Middlesex
- State
- New Jersey
- Longitude
- -74.3857
- Latitude
- 40.4473
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
