475 Brg St Bridgewater, NJ 08807-2153
- Commercial real estate
- 5,390 SF
- 1.60 lot acres
Current Use by Public Records
- GHILENE JOSEPH / Physician
- Alexis Rodriguez / Physician
Property Details for 475 Brg St
- Lot size
- 1.60 lot acres
- Property size
- 5,390 SF
- Zone code
- C6
- Property type
- Commercial real estate
- APN
- 06 00509-0000-00003
- APU
- 600509000000003
Description
This exceptional two-story office building, totaling 17,000 square feet, is situated on North Bridge Street in Bridgewater Township, a highly desirable location in Somerset County. The building boasts a prime position along a major thoroughfare, experiencing over 16,000 vehicles daily. Currently housing a mix of established businesses including dental, physical therapy, accounting, acupuncture, and educational services, this property offers multiple tenancy options. Available spaces range from 1,900 to 4,500 contiguous square feet, with a total of 1,700 square feet currently vacant. In January 2025, an additional 4,952 rentable square feet will become available, previously occupied by a bank branch with a drive-thru. The building features 90 parking spaces and is conveniently located near major roadways including Routes 22, 28, 206, 202, 287, the Garden State Parkway, and the New Jersey Turnpike. Its proximity to the Bridgewater Post Office, Library, Mall, Marriott, and the Somerset SJP Corporate Park further enhances its appeal. The building's 2010 construction ensures modern amenities, and its Office/Commercial zoning provides flexibility for a variety of businesses. The lot size spans 1-2 acres. This is a rare opportunity to secure office space in a thriving, well-connected community.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,510,000
- 6.5%
- $1,395,000
- 7%
- $1,295,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,277,000
Market price range: $652k - $1.28M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $1,380,000 Current use
- INDUSTRIAL (GENERAL)
- $1,815,000 Change: +32% Conversion: Moderate
- OFFICE BUILDING
- $1,110,000 Change: -19% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Bridgewater
- County
- Somerset
- State
- New Jersey
- Longitude
- -74.6089
- Latitude
- 40.5863
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA