48 Main St, South Bound Brook, NJ 08880-1516
- Commercial real estate
- 0.13 lot acres
Current Use by Public Records
- Hi-Tams Ice Cream / Grocery & Convenience Store / Specialty Food Shop
- RP Gutters / Hardware & Home Improvement / General Contractor
Property Details for 48 Main St
- Lot size
- 0.13 lot acres
- Zone code
- B
- Property type
- Commercial real estate
- APN
- 19 00047-0000-00010
- APU
- 1900047000000010
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jan 3, 2025 | $639,000 | Main Street 48 LLC | Michael David Spound | Deed | — |
| Mar 4, 2019 | — | Spound Living Trust | Spound,heidi B | Quit Claim Deed · related | — |
| Apr 16, 2018 | — | Heidi B Spound | Bohay Harry G | Quit Claim Deed · related | — |
Description
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.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $595,000
- ML approach
- $575,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- South Bound Brook
- County
- Somerset
- State
- New Jersey
- Longitude
- -74.5267
- Latitude
- 40.5559
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
