2318 New Rd Northfield, NJ 08225-1440
This meticulously renovated 1,164 square foot mixed-use property at 2318 New Road, Northfield, NJ, sits on a 0.24-acre lot and presents a unique investment opportunity. The building boasts a classic A-frame design with high ceilings and stunning architectural details, creating a bright and spacious interior. A complete renovation includes new laminate flooring throughout, central air conditioning, and a brand-new roof. All electrical, HVAC, and plumbing systems have been replaced, ensuring modern functionality and efficiency. The property currently functions as an office space with ample storage, but its versatility allows for a wide range of uses. A full basement provides additional storage or potential for expansion. Its location in a high-traffic area of Northfield offers excellent visibility and accessibility to nearby businesses, offices, and schools. Importantly, approvals for open flame use (ovens and grills) have already been obtained, opening up further possibilities for food-related businesses. This property is priced at $315,000 and offers an exceptional chance to establish a thriving business in a desirable location. The combination of modern updates, versatile space, and prime location makes this an attractive proposition for discerning investors and entrepreneurs.
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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-B · Northfield, NJNorthfield. Always verify with local authorities before improvements.
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.