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575 New Brunswick Ave Fords, NJ 08863-2130

OFF-MARKET Turn key restaurants Google Maps
3,319 SF 0.07 ac lot Built 1924
Trust Owned 1-yr Hold Free & Clear
Estimated value (blended)
$330k
Range $297k – $363k (±10%)
Property ID US59-0240557

Property summary

AI-generated overview

This exceptional commercial property at 575 New Brunswick Avenue #2 offers a fantastic opportunity for a single-tenant retail business. The completely renovated 900 square foot space boasts a modern interior and exterior. The unit features four rooms and a full bathroom, providing ample space for various retail operations. Conveniently located on the second floor, it includes a side entrance near the rear of the building. The space is equipped with internet wiring, and a single-zone air conditioning and heating system ensures year-round comfort. Tenants are responsible for water, gas, and electricity, as well as snow removal. This property is zoned B-2, offering flexibility for a range of retail uses. The lot size is 0.072 acres. The building consists of only one suite, creating a private and efficient workspace. There are no on-site parking spaces. Note that a first-floor unit is also available and could be leased concurrently; details on that space can be found under MLS #2505839R. The property's Assessor's Parcel Number (APN) is 250006300000000202. This is a rare opportunity to secure a move-in ready, renovated retail space in a desirable location. The total building size is 3,319 square feet, with this unit comprising 900 square feet.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1924
Total area 3,319 SF
Lot 0.07 ac (3,143 SF)
Zoning code B-2
APN 25 00063-0000-00002- 02
UPID US59-0240557

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$330k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$330k

Owner & transaction history

since 2024
2 recorded transactions
2024
Price N/A
2017
$99,900

Zoning & alternative use

B-2 · Fords, NJ

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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