Property summary
This exceptional 0.208-acre commercial land parcel, located at 691 Inman Avenue in Colonia, New Jersey (zip code 07067), presents a unique investment opportunity for both owner-users and investors. The property, built in 1952, boasts a two-story structure currently configured with versatile space. The front portion features multiple private rooms, a break room, and ample storage, ideal for a variety of commercial uses. This area is easily adaptable to suit specific business needs. A separate rental unit is also situated on the property, offering two levels of living space. Upstairs, you'll find three generously sized bedrooms and one bathroom. Downstairs, an open kitchen flows seamlessly into a comfortable living area. The property's potential extends beyond its current configuration. The substantial backyard and ample parking provide significant advantages. This property is perfectly suited for business owners seeking a combined live/work space, investors looking for rental income, or those seeking to convert the property into a single-family home. The property is situated in Woodbridge Township, Middlesex County, New Jersey, offering convenient access to major transportation routes and local amenities. The asking price for this remarkable property is $649,000.
Property profile
VerifiedCap rate & NOI
Current use
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Insurance Agency
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Colonia market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
R7-5 · Colonia, NJZoning
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Zoning designation
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