183 Prospect Street, South River, NJ 08882
Middlesex County
Key Facts
Description
Prime mixed-use investment comprising a fully renovated in 2010 Bar & Restaurant with all equipment included(Liquor License can be sold separately), featuring a billiards room on the lower level/basement. Above is a well-appointed 3-bedroom 1-bath apartment ideal for additional income. This property also features a detached house with 2 bedrooms and 1 bath, siding and roof replaced in 2020. Outstanding commercial viability supported by a large lot with 100+ parking spaces. A rare opportunity of strong income potential in a visible South River location with continued growth in the surrounding corridor, offering versatility, visibility, and immediate revenue.
Property Information
Property Type
Residential Income
Sub-Type
Duplex
Year Built
1930
Stories
2
Living Area
3,737 sq ft
Lot Size
1.93 acres
Lot Dimensions
251.00 x 0.00
Ownership
See Remarks,Sole Proprietorship
Days on Market
93
MLS® Listing#
2606646R
Property Features
Interior
Appliances
Cooling
Heating
Basement
Parking
Patio
Lot Features
Construction
Utilities
Sewer
Water Source
Financial Details
Annual Taxes
$14,602
Tax year 2024
Assessed Value
$573,300
Parcel Number
230003100000000401
Affordability Calculator
$359,800
Estimated monthly payment
$9,575/mo
Principal $1,439,200 · Est. interest $2,007,812 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in South River, NJ
- $526,479
- Median Listing Price
- 42
- Median Days on Market
- 1,600
- Median Sq Ft
- $310
- Median Price / Sq Ft
- 1,155
- Active Listings
- This home’s price is 242% above the area median.
- Its price per sq ft is 55% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in South River, NJ.
Location
Points of Interest in South River, NJ
Showing the South River area map.
Nearby Schools
Escola Infante D. Henrique
School · 0.2 mi away
Darul Arqam School
School · 0.5 mi away
South River Elementary School
Elementary · 1.1 mi away
South River Primary School
Elementary · 1.1 mi away
Churchill Junior High School
Secondary · 1.1 mi away
South River Middle School
Secondary · 1.1 mi away
Caca Mid-Jersey Chinese School
School · 1.1 mi away
South River Public Schools
School · 1.2 mi away
South River High School
Secondary · 1.2 mi away
Central Elementary School
Elementary · 1.4 mi away
Our Lady of Victories School
School · 1.5 mi away
Lawrence Brook Elementary School
Elementary · 1.6 mi away
East Brunswick High School
Secondary · 1.6 mi away
Unitarian Montessori School
Elementary · 1.7 mi away
Woodrow Wilson Elementary School
Elementary · 1.8 mi away
Primrose Schools
Elementary · 1.8 mi away
Irwin Elementary School
Elementary · 2.0 mi away
Chittick Elementary School
Elementary · 2.2 mi away
Woodrow Wilson Elementary School
Elementary · 2.2 mi away
Parkview Elementary School
Elementary · 2.2 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 109 Fresh Ponds Rd, South Brunswick Twp., NJ | $1,288,888 | 9 | 6 | — |
| 109 NE FRESH PONDS ROAD Road, South Brunswick, NJ | $1,288,888 | 9 | 7 | 6,968 |
| 204 Montrose Avenue, South Plainfield, NJ | $1,290,000 | — | 6 | — |
| 32 Melody Ln, Upper Saddle River Boro, NJ | $1,299,000 | 3 | 4 | — |
| 10 Anderson Way, South Brunswick, NJ | $1,299,000 | 5 | 5 | 3,433 |
| 530 Bayview Drive, Toms River, NJ | $1,299,999 | 3 | 3 | 2,563 |
Moving Cost Estimate
EXIT Agents in South River
Listing Courtesy: LACERDA REALTORS - 7325141000