0-0 Cottrell Road RD Under Contract Save Request In-Person Tour Request Virtual Tour
Old Bridge,NJ 08857
Key Details
Property Type Vacant Land
Sub Type Commercial
Listing Status Under Contract
Purchase Type For Sale
MLS Listing ID 2303818R
Originating Board CJMLS API
Lot Size 7.350 Acres
Acres 7.35
Lot Dimensions 0.00 x 0.00
Property 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.
Location
State NJ
County Middlesex
Zoning commercial
Rooms
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Interior
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Exterior
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Building
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Others
Senior Community no
Ownership Land Owned,Corporation
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