2 Commerce DrSouth Brunswick Township, NJ 08512

  • Industrial properties
  • 54,445 SF
For Lease
$24/SF/YR View listing

Property Details for 2 Commerce Dr

Year built
1988
Lot size
6.02 AC
Property size (Sq ft)
54,445 SF
Zone code
I-3
Property type
Industrial properties
APN
21 00007- 01-00013- 14
APU
2100007010001314

Description

This exceptional two-story creative office building, located at 2 Commerce Drive in South Brunswick Township, New Jersey, offers a unique opportunity for businesses seeking flexible and inspiring workspace. Built in 1988 and extensively renovated in 2010, the property boasts a total of 69,000 square feet, spread across four suites. Currently, there are 56,676 square feet of vacant space available, divisible into units ranging from a minimum of 3,063 square feet to a maximum contiguous space of 23,850 square feet. The building features high 14-foot ceilings, creating an open and airy atmosphere ideal for creative professionals. Ample parking is provided with 272 spaces. The property sits on 6 acres of land and benefits from its location in the Brunswicks submarket, specifically Exit 8A, offering convenient access to major transportation routes. The building includes elevators for easy access to both floors. Property taxes are $2.50 per square foot. This property presents a rare opportunity to secure prime office space in a highly desirable location. The building's modern design and convenient amenities make it an ideal choice for a variety of businesses. The address is 2 Commerce Drive, South Brunswick Township, NJ 08512, with a cross street of Forsagte Drive. Middlesex County is the location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $10,303,123
    Hospitality
    $9,437,606
    Educational
    $7,851,977
    Medical
    $8,122,018
    Retail
    $12,214,187

Location Insight

City
Cranbury
County
Middlesex
State
New Jersey
Latitude
40.3469
Longitude
-74.4894
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$119,898
$480,000
$1,892,800
$2,372,800
-
$480,000
$1,892,800
$2,372,800

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