Property profile

2 Main St Clinton, NJ 08809

OFF-MARKET
Other commercial real estate
Property ID
US59-1947174
1,948 SF 0.12 ac lot Built 1880
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This mixed-use commercial property is located on the corner of E Main Street and Leigh Street in historic downtown Clinton Town and is configured for retail and office use. The building contains approximately 1,948 square feet and is divided into two levels: a downstairs retail area with 3 rooms and a lavatory, and an upstairs office space reached via a private entrance with 3 rooms and a lavatory. It is zoned C-1, which permits various retail and personal-service uses such as barber shops, dance studios, bakeries, and beauty shops, subject to planning board approval. Exterior and site features include a front porch, a newer roof, a previously repainted exterior (completed in 2023), and a resurfaced parking lot providing 7 parking spaces on a 0.12-acre lot.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1880
Construction FRAME
Total area 1,948 SF
Lot 0.12 ac (5,227 SF)
Zoning code C-1
APN 05 00012-0000-00002
UPID US59-1947174

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Corporate Office
  • Construction Company General Contractor
  • (Bike/Boat/Book/etc) Store Religious Bookstore

Location

2 Main St Clinton, NJ 08809-1327
Clinton metro Census 10801 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$425k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$460k

Owner & transaction history

since 2021
Last sale
$460,000
2 recorded transactions
2021
$460,000
2014
$360,000

Zoning & alternative use

C-1 · Clinton, NJ
Zoning description

Downtown parking requirements. Within the area of the C-1 Zone District that lies east of the South Branch of the Raritan River and north of State Route 173, the parking requirements of Subsection A above shall not apply…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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