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.
This property is $1.7M more than the Median Sold Price in Old Bridge, NJ.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CJMLS API
MLS Number: #2303818R
Listing Office:
Office Name: JASON MITCHELL REAL ESTATE NJ
The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Copyright 2024, CENTRAL JERSEY MULTIPLE LISTING SYSTEM. All Rights Reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM retains all rights, title and interest in and to its trademarks, service marks and copyrighted material. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 5/3/2024, 10:20:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
6
/10
James A. Mcdivitt Elementary School
1 Manny Martin Way
Distance between this listing and this school0.35 miles
Public District Grades KG-5
Middle School
5
/10
Carl Sandburg Middle School
3439 Highway 516
Distance between this listing and this school0.58 miles
Public District Grades 6-8
High School
6
/10
Old Bridge High School
4209 Highway 516
Distance between this listing and this school1.20 miles
Public District Grades 9-12
Assigned Schools
6
/10
James A. Mcdivitt Elementary School
1 Manny Martin Way
Distance between this listing and this school0.35 miles
Public District Grades KG-5
Nearby Schools
9
/10
Alan B. Shepard Elementary School
33 Bushnell Rd
Distance between this listing and this school1.08 miles
Public District Grades KG-5
9
/10
Cheesequake Elementary School
111 State Route 34
Distance between this listing and this school1.39 miles
Public District Grades KG-5
Assigned Schools
5
/10
Carl Sandburg Middle School
3439 Highway 516
Distance between this listing and this school0.58 miles
Public District Grades 6-8
Nearby Schools
6
/10
Samsel Upper Elementary School
298 Ernston Rd
Distance between this listing and this school3.43 miles
Public District Grades 4-5
4
/10
Matawan-Aberdeen Middle School
469 Matawan Ave
Distance between this listing and this school3.84 miles
Public District Grades 6-8
Assigned Schools
6
/10
Old Bridge High School
4209 Highway 516
Distance between this listing and this school1.20 miles
Public District Grades 9-12
Nearby Schools
4
/10
Matawan Regional High School
450 Atlantic Ave Ste B
Distance between this listing and this school3.79 miles
Public District Grades 9-12
4
/10
Sayreville War Memorial High School
820 Washington Rd
Distance between this listing and this school4.05 miles
The neighbors living near this home have an average income of $77,215. The majority of Old Bridge, NJ residents have income between $35k-100k annually. Typical family type is single, no kids. The majority of residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 0 Cottrell Rd
What is the listing price of this property?
The listing price of 0 Cottrell Rd property is $2,300,000.
What type of property is this?
The property 0 Cottrell Rd is land located in Old Bridge, New Jersey, 08857.
Is this property for sale now?
Accepting Backup Offers: 0 Cottrell Rd is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
What are the assigned schools for this property?
The assigned schools for 0 Cottrell Rd are: James A. Mcdivitt Elementary School: GreatSchools Rating 6/10Carl Sandburg Middle School: GreatSchools Rating 5/10Old Bridge High School: GreatSchools Rating 6/10
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This home is located at 0 Cottrell Rd in Old Bridge, NJ and zip code 08857. This home sits on a 7.35 acre lot. It has been listed on Rocket Homes since September 22, 2022 and is currently priced at $2,300,000.
Old Bridge, NJ housing market in April 2024 saw over 8 listings sold above listed price, more than 1 sold at listed price and over 2 sold below. The number of listings in Old Bridge, NJ increased by 34.1% between March 2024 and April 2024. In April 2024 median list price was $556,333 and the average listing age was 20 days.
From Rocket Homes Real Estate and based on county public records data.
The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Copyright 2024, CENTRAL JERSEY MULTIPLE LISTING SYSTEM. All Rights Reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM retains all rights, title and interest in and to its trademarks, service marks and copyrighted material.
Pro Boxing
Pro Boxing
Symphony or Opera
NBA/WNBA
Burlington
Chico's
Express/Express For Men
Popeyes
Boston Market
Starbucks
Dodge
Volvo
Pontiac
Urban Contemporary
Talk/Personality
Rhythmic Contemporary Hits