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Property profile & analytics

48 Main St South Bound Brook, NJ 08880

  • Commercial real estate
  • 0.13 lot acres
Value Estimation
Last Sale
Jan 03, 2025
$639,000
Location Intelligence
Property ID
US59-1544855
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.

Current Use by Public Records

  • Hi-Tams Ice Cream / Ice Cream Shop
  • RP Gutters / Gutter Cleaning Service

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

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 Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $595,000
  • CAP approach

    CAP return
    Estimation
    6%
    $590,000
    6.5%
    $595,000
    7%
    $670,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $535,000
    Geo Method
    $555,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $720,000
    Retail
    $725,000
    Mixed-Use
    $545,000
    Hospitality
    $720,000
    Educational
    $665,000
    Residential Income
    $730,000
    Energy
    $745,000
    Income-Based Land
    $685,000
    Food Service
    $595,000

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

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
2022
$17,863
$283,000
$221,900
$504,900
-
$283,000
$221,900
$504,900
More about this property
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