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Property profile & analytics
OFF-MARKET Estimated value $1,305,000
Commercial real estate

245 Un Ave Bridgewater, NJ 08807-3064

0.87 ac lot
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US59-2062149
Property summary
AI-generated overview

This exceptional single-tenant commercial property, located at 245 Union Avenue #2C in Bridgewater, New Jersey, offers 2,426 square feet of office space ideal for executive offices or other commercial uses. Situated on a 0.87-square-foot lot, this one-story building is zoned MPD and features two convenient parking spaces. The property's APN is 0600206000000031. Its strategic location in Bridgewater provides easy accessibility for clients and employees. The property is classified as both land and office space, making it a versatile option for a variety of businesses. The single-tenant occupancy ensures privacy and control over the space. This is a unique opportunity to secure a well-located, functional, and easily accessible commercial space in a thriving New Jersey community. The property's convenient location and ample parking make it an attractive option for businesses seeking a comfortable and efficient workspace. The MPD zoning allows for a range of commercial uses, providing flexibility for potential tenants. This property presents a compelling investment opportunity for businesses seeking a high-quality office space in a desirable location. The single-story design offers ease of access and navigation. The property's size and features make it suitable for a variety of business needs. This is an excellent opportunity to establish or expand a business presence in a prime Bridgewater location.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.87 ac (37,897 SF)
Zoning code MPD
APN 06 00206-0000-00031
UPID US59-2062149
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Parth P. Patel, MD - Dermatologist and Mohs Surgeon Physician Medical Clinic
  • Dr. Sanjna Sanghvi, DPM - Podiatrist and Foot and Ankle Surgeon Physician
  • Dr. Parth Patel Physician Medical Clinic
  • PS Dermatology and Surgery Physician Medical Clinic
  • PS Foot and Ankle Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.24M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.31M
Owner & transaction history
245 Real Estate Group LLC · 3 yrs held
245 Real Estate Group LLC
since 2023
Last sale
$1.3M
1 recorded transaction
2023
$1.3M
Zoning & alternative use
MPD · Bridgewater, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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