7-11 Main St, Unit 11 Clinton, NJ 08809-1326
- Commercial real estate
- 2,122 SF
- 0.15 lot acres
Current Use by Public Records
- Clinton Cardsmart / Greeting Card Shop
Property Details for 7-11 Main St
- Year built
- 1900
- Construction
- FRAME
- Lot size
- 0.15 lot acres
- Property size
- 2,122 SF
- Zone code
- C-1
- Property type
- Commercial real estate
- APN
- 05 00011-0000-00004
- APU
- 500011000000004
Description
This exceptional 5,049 square foot commercial property, located at 7-11 Main Street in the heart of Downtown Clinton, NJ, presents a unique investment opportunity. Situated on a 0.15-acre lot, this mixed-use building currently houses a thriving gift and card store, benefiting from the high pedestrian traffic of this prime downtown location. Recent upgrades include new flooring throughout. The building's strong foundation provides a solid base for continued success with the existing business, which is available for sale along with the property. The upper level offers significant potential for conversion into residential apartments, generating additional rental income. A private rear parking area comfortably accommodates approximately 15 vehicles, providing ample parking for customers and residents, and offering further income potential. This property is ideally suited for an owner-operator seeking to capitalize on an established business and expand its revenue streams, or for an investor looking for a strong return on investment in a desirable location. The combination of a successful retail operation and the potential for residential development makes this a truly versatile and attractive commercial property. Don't miss this chance to own a piece of Clinton's vibrant downtown.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $450,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $430,000
- 6.5%
- $435,000
- 7%
- $380,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $415,000
- Geo Method
- $390,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $450,000
- Retail
- $365,000
- Mixed-Use
- $450,000
- Hospitality
- $445,000
- Educational
- $360,000
- Residential Income
- $425,000
- Energy
- $415,000
- Income-Based Land
- $375,000
- Food Service
- $450,000
Location Insight
- Map
- Local Demand
- City
- Clinton
- County
- Hunterdon
- State
- New Jersey
- Longitude
- -74.9102
- Latitude
- 40.6365
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA