Property summary
This exceptional investment opportunity encompasses two strategically located parcels in the vibrant town of South Bound Brook, New Jersey. The offering includes 48 Main Street, a retail property, and 19 Cedar Street, a vacant land parcel. The combined tax assessment reflects both properties. 48 Main Street presents itself as a ready-to-occupy retail space, ideal for a variety of commercial uses, given its prime Main Street location. The adjacent 19 Cedar Street parcel offers significant potential for future development or expansion, providing an added layer of value to this combined offering. The property is situated in Somerset County, New Jersey, with a zip code of 08880. Precise lot size information for 48 Main Street is not available, however, the combined property is listed as having zero acres. The absence of structures on 19 Cedar Street provides flexibility for future development plans. This unique combination of existing retail space and undeveloped land presents a compelling opportunity for investors seeking a foothold in a thriving New Jersey market. The properties are being sold together as a single package. This presents a rare chance to acquire a combined retail and development opportunity in a desirable location.
Property profile
VerifiedCap rate & NOI
Current use
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Grocery & Convenience Store Specialty Food Shop
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Hardware & Home Improvement General Contractor
Location
Value estimations
Owner & transaction history
Zoning & alternative use
B BUSINESS DISTRICT. § 34-27.1 Primary Intended Use. § 34-27.2 Prohibited Use. § 34-27.3 Required Conditions. § 34-28 INDUSTRIAL ZONE AND LIGHT INDUSTRIAL DISTRICT. § 34-28.1 Primary Intended Use. § 34-28.2 Conditional U…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Cap rate
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
B · South Bound Brook, NJB BUSINESS DISTRICT. § 34-27.1 Primary Intended Use. § 34-27.2 Prohibited Use. § 34-27.3 Required Conditions. § 34-28 INDUSTRIAL ZONE AND LIGHT INDUSTRIAL DISTRICT. § 34-28.1 Primary Intended Use. § 34-28.2 Conditional U…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
B BUSINESS DISTRICT. § 34-27.1 Primary Intended Use. § 34-27.2 Prohibited Use. § 34-27.3 Required Conditions. § 34-28 INDUSTRIAL ZONE AND LIGHT INDUSTRIAL DISTRICT. § 34-28.1 Primary Intended Use. § 34-28.2 Conditional U…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B in South Bound Brook, NJ.
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