2 Florence St New Brunswick, NJ 08901
C-2A Community Commercial District. a. Intent. The intent and purpose of this district is to provide for the expansion and preserve of the integrity of community oriented commercial uses and the mixed multi-family residential uses where appropriate. The commercial uses should offer convenience goods as well as household goods and both personal and local smal…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C-2A · New Brunswick, NJC-2A Community Commercial District. a. Intent. The intent and purpose of this district is to provide for the expansion and preserve of the integrity of community oriented commercial uses and the mixed multi-family residential uses where appropriate. The commercial uses should offer convenience goods as well as household goods and both personal and local small business services whereas the mixed multi-family residential uses should consist of apartments over the commercial uses and freestanding two-family dwellings and apartment buildings. b. Permitted Principal Uses. i. One family dwellings subject to the standards and conditions of the R-5A residential district; ii. Two-family dwellings subject to the standards and conditions of the R-5A residential district; iii. Banks and financial institutions; iv. Supermarkets and grocery stores; v. Medical clinics; vi. Professional and general offices; vii. Printing and publishing businesses; viii. Graphics and reproduction services; ix. Art galleries and music studios and indoor theaters; x. Retail stores; xi. Bakeries and delicatessens; xii. Packaged goods; xiii. Convenience stores; xiv. Restaurants; xv. Taverns; xvi. Personal service businesses; xvii. Employment agencies with transportation; xviii. Transportation and communication offices; xix. Mixed-use buildings with ground floor containing permitted commercial uses and with residential uses above. c. Permitted Accessory Uses. i. Uses and buildings customary and incidental to a principal permitted use; ii. Home professional offices and home occupations; iii. Private garages for automobile storage; iv. Storage sheds, greenhouses and similar structures; v. Fences and walls. d. Conditional Uses. Subject to the additional standards and conditions as specified herein: i. Quasi-public, Non-profit Clubs and Organizations. (a) No such use shall be established within two hundred (200) feet of a public or nonprofit school, library, or church except for those uses directly associated or affiliated with any nonprofit school or church. (b) Each such use shall provide an access driveway to provide access to a side or rear yard off-street parking area. (c) Off-street parking space shall be provided in side and rear yards only, at the raft [rate] of one space for each one hundred (100) square feet of gross floor area, or one space per three seats, which ever is greater.
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.