259 Roosevelt Ave Carteret, NJ 07008-3534
Property Lookup
Property profile & analytics
259 Roosevelt Ave Carteret, NJ 07008-3534
- Commercial real estate
- 3,920 SF
- 1.32 lot acres
Property ID
US59-0524369
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Commercial real estate
Property Details for 259 Roosevelt Ave
- Year built
- 1965
- Lot size
- 1.32 lot acres
- Property size
- 3,920 SF
- Property type
- Commercial real estate
- APN
- 01 00403-0000-00001
- APU
- 100403000000001
Description
This exceptional commercial property at 259 Roosevelt Avenue presents a unique investment opportunity. The single-story building sits on a substantial 1,324 square foot lot, zoned for commercial use. The property features a single tenant occupancy, ideal for a small business or professional office. The building itself comprises one suite, offering a convenient and efficient workspace. Ample parking is available with two designated spaces. The property's APN is 0100403000000001. Its convenient location and single-tenant setup minimize management complexities, making it an attractive option for investors seeking a low-maintenance, high-return property. The straightforward layout and ample parking make it an ideal location for a variety of businesses. The commercial zoning allows for flexibility in potential uses, subject to local regulations. This property offers a rare combination of land ownership and immediate income potential, making it a compelling investment in a thriving commercial area. The single-suite design simplifies management and maintenance, while the ample lot size provides potential for future expansion or development. This is a turnkey opportunity for an owner-occupier or an investor seeking a stable, low-risk investment. The property's single-tenant occupancy ensures consistent income and simplifies management.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $340,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $565,000
- 6.5%
- $520,000
- 7%
- $485,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $448,000
Market price range: $209k - $807k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $880,000 Current use
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Location Insight
- Map
- Local Demand
- City
- Carteret
- County
- Middlesex
- State
- New Jersey
- Longitude
- -74.2169
- Latitude
- 40.5777
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$17,044
$198,000
$308,200
$506,200
-
$198,000
$308,200
$506,200
