89-91 Bayard St
New Brunswick, NJ 08901
Land For Sale
·
0.22 AC
Investment Highlights
- Site is Located Two Blocks Away From NJ Transit Train Station
- Up To 60 Feet In Height Could Be Built As Of Right
- Seller can Deliver Tenants on Month to Month for Work to deliver buildings vacant
- Located In The Desirable C 4 Zoning District
- Clean Environmental
- Opportunity Zone
Property Facts
| Property Type | Land | Total Lot Size | 0.22 AC |
| Property Subtype | Commercial | No. Stories | 2 |
| Proposed Use | Apartment Units | ||
| Zoning | C-4 | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.22 AC |
| No. Stories | 2 |
| Zoning | C-4 |
Description
Marcus & Millichap has been retained on an exclusive basis to market for sale two income producing office properties; 89 91 Bayard Street in New Brunswick, New Jersey. The property sits in the C 4 Downtown Commercial/Office zone under the which allows a developer to build up to 40 to 60 feet with 100% lot coverage with office space on the first floor and residential above. Currently there are a few tenants occupying the office spaces on a month to month lease. Seller currently occupies one building as a law office but is not looking to stay long term but is negotiable in staying on as a tenant short term. The subject offering is an opportunity for a developer in a prime location in a federally designated opportunity zone in Downtown New Brunswick where developers continue to revitalize the city driven by Universities, Hospitals and Johnson & Johnson.
Property Taxes
| Parcel Number | 13-00019-0000-00003-01 | Improvements Assessment | $17,600 |
| Land Assessment | $1,032,400 | Total Assessment | $1,050,000 |
Property Taxes
