660 Plainsboro RdPlainsboro Township, NJ 08536

Property Details for 660 Plainsboro Rd

Lot size

9.42 AC

Zone code

PCD

Property type

Commercial real estate

APN

18 03301-0000-00010

APU

1803301000000010

Description

Princeton Meadows, a single-story, Class B retail strip center in Plainsboro Township, NJ, offers 66,072 square feet of space across 18 suites. Built in 1984 and renovated in 2006, this 10-acre property boasts 23,499 square feet of vacant space available for lease, ranging from 1,075 to 15,694 square feet. The center features ample parking with 342 spaces and benefits from high visibility on Plainsboro Road, offering convenient access to I-95. Current tenants include a diverse mix of businesses such as Big Bazaar, Crown of India, Kumon Learning Center, and Aljon's Pizza. The property is zoned PCD and has a Middlesex County APN of 18-03301-0000-00010. This well-maintained center attracts a consistent flow of shoppers from the surrounding neighborhood. The property's single building design and convenient parking make it an attractive option for a variety of retail businesses. The available spaces present a unique opportunity for expansion or new business ventures in a thriving community. The property's location and existing tenant mix provide a strong foundation for future success. This is a prime opportunity to establish or expand your business in a high-traffic area with excellent visibility. The property's size and layout offer flexibility for various retail concepts.

• CAP approach

  CAP return

  Valuation

  6%

  $76,902,400

  6.5%

  $70,986,800

  7%

  $65,916,300

• Comparable approach

  Method

  Valuation

  Relative Method

  $53,625,700

  Geo Method

  $53,625,700

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $139,757,000

  Retail / Commercial

  $71,666,500

  Mixed-Use / Specialty

  $71,411,000

  Hospitality / Lodging

  $52,392,000

  Office

  $70,986,800

  Institutional / Educational

  $74,238,700

  Residential Income

  $86,859,300

  Multifamily

  $104,174,000

  Automotive / Energy

  $63,633,200

  Parking / Income-Based Land

  $21,959,000

  Restaurant / Food Service

  $37,141,400

  Healthcare / Senior Housing

  $73,230,700

Location Insight

City

Plainsboro

County

Middlesex

State

New Jersey

Latitude

40.3279

Longitude

-74.576

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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