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$625,000
Est. payment /mo
10 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 10 sqft
Price per Sqft $62,500
MLS Listing ID 2614924R
Annual Tax Amount $11,963
Tax Year 2024
Lot Size 4,965 Sqft
Acres 0.114
Lot Dimensions 99.00 x 50.00
Property Sub-Type Commercial
Source CJMLS API
Property Description
216 Main Street, Metuchen - Prime Mixed-Use Development Opportunity. Positioned in the heart of Metuchen's vibrant downtown corridor, this property presents a compelling opportunity for redevelopment into a boutique mixed-use asset. Located within the B2 zoning district, the site supports a range of commercial and residential uses, ideal for today's demand for walkable, income-producing properties. The parcel lends itself to a 2-3 story development, with ground floor retail complemented by 2-4 residential units above, offering strong potential for long-term cash flow and value appreciation. The existing structure is best suited for redevelopment, allowing a clean slate for design and construction. The property is free of oil tanks, and access to gas service is readily available, simplifying future utility upgrades. Opportunities of this nature in downtown Metuchen are increasingly limited. This is an ideal acquisition for developers, investors, or end-users seeking to capitalize on the continued growth and demand in this highly desirable market. Property sold strictly as is. No showings till 5/4
Location
State NJ
County Middlesex
Zoning B2
Interior
Heating Baseboard Electric
Cooling Window Unit(s)
Flooring Laminate, See Remarks, Wood
Heat Source Oil in Ground
Exterior
Utilities Available Electricity Connected
Roof Type Asphalt,Flat
Total Parking Spaces 2
Building
Lot Description Near Public Transit, Near Shopping, Near Train
Story 2
Sewer Public Sewer
Water Public
Others
Senior Community no
Tax ID 09002080000000550002
Energy Description Oil in Ground
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Listed by KELLER WILLIAMS ELITE REALTORS
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