19 Park Pl Roxbury Township, NJ 07836
- Commercial real estate
- 1,732 SF
- 0.51 lot acres
Current Use by Public Records
- Smalltown Antiques / Home Goods Store
- Johnston Matthew C / Attorney
- FedEx Drop Box / Mailing Service
- Ferrante, David M / Attorney / Family Law Attorney
Property Details for 19 Park Pl
- Year built
- 2010
- Construction
- FRAME
- Lot size
- 0.51 lot acres
- Property size
- 1,732 SF
- Zone code
- CR-3
- Property type
- Commercial real estate
- APN
- 27 05800-0000-00033
- APU
- 2705800000000033
Description
This exceptional Flanders, NJ property presents a unique investment opportunity encompassing two distinct buildings on a 0.51-acre lot. The first structure, a charming colonial, currently functions as commercial office space. However, its adaptable layout and classic architectural details offer significant potential for conversion into a spacious four-bedroom, two-and-a-half-bathroom residence. This building provides ample space for both professional and residential uses, making it ideal for those seeking a blend of work and living spaces. The second building is an established and thriving antique store, a well-loved local business with a loyal customer base. This existing commercial enterprise offers immediate income potential and benefits from the property's prime location. The expansive 0.51-acre lot provides ample parking, accommodating approximately twenty vehicles. This mixed-use property is perfectly suited for entrepreneurs seeking business expansion, homeowners desiring a property with commercial income potential, or investors looking for a unique and versatile investment. The property's location and the combination of residential and commercial possibilities create a compelling opportunity in the desirable Flanders market. This property offers a rare blend of residential comfort and commercial success.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $345,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $415,000
- 6.5%
- $435,000
- 7%
- $440,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $375,000
- Geo Method
- $405,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $465,000
- Retail
- $450,000
- Mixed-Use
- $480,000
- Hospitality
- $505,000
- Educational
- $490,000
- Residential Income
- $455,000
- Energy
- $445,000
- Income-Based Land
- $495,000
- Food Service
- $420,000
Location Insight
- Map
- Local Demand
- City
- Flanders
- County
- Morris
- State
- New Jersey
- Longitude
- -74.6952
- Latitude
- 40.8432
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
