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Property profile & analytics
OFF-MARKET
Commercial real estate

531 Union Ave Middlesex, NJ 08846

Built 1890
Property ID
US59-2999664
Property summary
AI-generated overview

This unique 1890 two-story Colonial building at 531 Union Avenue in Middlesex Boro, New Jersey, presents a compelling investment opportunity. Priced at $325,000, this special purpose property sits on a substantial lot within a commercial/residential zone, offering significant redevelopment potential. Currently in need of extensive renovations, the building's existing structure provides a solid foundation for a variety of uses. Imagine transforming this historic property into a thriving professional office space, ideal for a medical practice, law firm, or dental office. Alternatively, the expansive lot size could allow for subdivision and new construction, making this an attractive prospect for builders. The property consists of a single unit and is being sold "as is," with the seller making no repairs. The property's location in Middlesex, NJ (zip code 08846) offers convenient access to local amenities and transportation. This is a rare chance to acquire a piece of Middlesex history and capitalize on its considerable potential. The property's unique character and zoning flexibility make it a truly exceptional investment opportunity. Serious inquiries only.

Property profile
Verified
Property type Commercial real estate
Year built 1890
UPID US59-2999664
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Concrete and Construction Services General Contractor Construction Company
Value estimations
Realmo proprietary · 4 methods
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by Request
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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