0 Cottrell Road Road, Old Bridge NJ 08857,Old Bridge,Middlesex,Land

  • $2,300,000
0 Cottrell Road Road, Old Bridge NJ 08857

Description

Here is your opportunity to purchase a Fully-Approved Retail Center located in the powerful consumer market of Middlesex County, New Jersey. This fully-approved 32,000 square foot shopping center site has excellent highway visibility and is located in an upscale corridor of well-established residential neighborhoods and several townhome and condominium communities, including Society Hill and Maiden Woods. This bulldozer-ready opportunity is located at the signal-controlled corner of Route 516 and Cottrell Road in the highly-trafficked area of Old Bridge, New Jersey, across from the Municipal Complex. The sale consists of 4 buildings – 3 adjoining plus a pad site. The pad is perfect for a stand-alone long-term tenant such as a pharmacy, coffee franchise, or bank; and, since a drive-through is allowed on the pad site, this includes the above plus fast food or any other business benefitting from a drive through. The approved plans for this extraordinary development support high-end retail, worthy of prime anchor tenants in this downtown Old Bridge location. The known benefits of being in the Town Center Zone enhance the existing zoning and favorable considerations given the ability to seek to add residential rentals above the commercial space. CBA, break-even, CapRate, IRR, and extended EBITDA all meet impressive expectations and can surpass even stringent baselines. With a continuing demand for retail centers in a build-friendly environment, this NextGen shopping center location offers an excellent opportunity for the developer professional.

  • Address Cottrell Road
  • City Old Bridge
  • State/county Middlesex
  • Zip/Postal Code 08857

Details

Updated on May 14, 2024 at 5:21 am
  • Property ID: 2303818R
  • Price: $2,300,000
  • Land Area: 7.35 Sq Ft
  • Bedroom: 0
  • Bathroom: 0
  • Property Type: Commercial
  • Property Status: Land

Additional details

  • On Market Date: 2022-09-21
  • Photos Count: 7
  • Road Surface Type: See Remarks
  • ListingContractDate: 2022-09-21
  • Zoning: commercial
  • Annual Property Tax Amount: 0
  • List Office Name: JASON MITCHELL REAL ESTATE NJ
  • Bathrooms Total: 0
  • Road Frontage Type: See Remarks
  • Street Number: 0
  • State Or Province: NJ
  • Vegetation: See Remarks
  • JERSEYMLS_LOTLTRTY: Sellers/Landlords Agent/Disclosed Dual Agent
  • Gas: See Remarks
  • Bathrooms Full: 0
  • Close Date: 1800-01-01
  • Street Suffix: Road
  • ListAgentMlsId: SARAFIND
  • Water Source: See Remarks
  • Topography: See Remarks
  • Lot Size Dimensions: 0.00 x 0.00
  • Days On Market: 39
  • JERSEYMLS_TransactionType: Sale
  • Other Structures: See Remarks
  • ListOfficeMlsId: JMRE
  • Close Price: 0
  • Bathrooms Half: 0
  • Lot Size Area: 7.35
  • Sewer: See Remarks
  • Age: 0
  • Utilities: See Remarks
  • Tax Year: 0
  • Ownership: Land Owned,Corporation
  • Lot Features: See Remarks
  • Documents Available: See Remarks
  • Lot Size Squar eFeet: 320166
  • Electric: See Remarks
  • Building Area Total: 0

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