Under contract

0-0 Cottrell Road Road

Old Bridge NJ, 08857

$2,300,000


Under contract

Commercial

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.

2303818R

MLS ID

September 21, 2022

Listed

October 14, 2024

Updated

Map

0-0 Cottrell Road Road
Old Bridge NJ, 08857

Interior Features

Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

7.35 Acres


Lot Features

See Remarks


Sewer

See Remarks

Other Property Details

Days on Market

39


Garage

No


View

No


County

Middlesex


Water Source

See Remarks


Pool

No


Zoning

commercial

Courtesy of JASON MITCHELL REAL ESTATE NJ with SARAH F. BANDY,
Listing Contact:  

 

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