Cottrell Road Road, Old Bridge, NJ

$2,300,000

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7.35

Acres

About Cottrell Road Road

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.

Features of Cottrell Road Road

MLS® # 2303818R
Price $2,300,000
Bathrooms 0.00
Acres 7.35
Type Land
Sub-Type Commercial
Status Under Contract

Community Information

Address Cottrell Road Road
City Old Bridge
County Middlesex
State NJ
Zip Code 08857

Amenities

Utilities See Remarks
Is Waterfront No
Has Pool No

Interior

Fireplace No
Has Basement No

Exterior

Lot Description See Remarks, No Wetlands

Additional Information

Days on Market 39
Zoning commercial

Listing Details

OfficeJASON MITCHELL REAL ESTATE NJ

Listing Map

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