198 EA Main Street, Bound Brook Boro, NJ 08805

Property Description

This property is located within a qualified opportunity zone, which is one of Bound Brook's two federally designated tax-incentive zones. Sits at the corner of East Main St and Mountain Ave. making it highly viable for transit-oriented mix use re-development. Real estate listings for this specific corner plot note that local overlay potential supports vertical development up to six floors, allowing investors to stack local redevelopment bonuses with federal capital gains tax exclusions. Renovated 4 units mix use building , 3 commercial spaces and 1 large 3 bedrooms 2 full baths apartment. 4 electric meters, 3 central air/heat units. Located directly adjacent to the Bound Brook train Station with a municipal large parking lot. Close to major highways , shopping centers, schools and more.