101 College RdPrinceton, NJ 08540

  • Commercial real estate
  • 54,000 SF
For Lease
$24/SF/YR View listing

Property Details for 101 College Rd

Lot size
5.00 AC
Property size (Sq ft)
54,000 SF
Zone code
PMUD
Property type
Commercial real estate
APN
18 00702-0000-00003
APU
1800702000000003

Description

This exceptional Class A office building, situated on a 6-acre lot in Middlesex County, offers 18,284 square feet of immediately available space, divisible to 1,000 square feet. The 54,000 square foot building, constructed in 1976 and extensively renovated in 2017, features a striking three-story design with a 12-foot unfinished ceiling height. The building boasts a modern, elegant marble foyer, installed during the 2017 renovation. Its robust construction includes precast concrete panels with a structural steel frame and solar gray insulated glass windows. Two Dover hydraulic elevators (2,500 lb. capacity) efficiently serve all three floors. The building's mechanical systems are state-of-the-art, featuring three DX unit chillers providing chilled water and electric resistance heating. The poured-in-place concrete floors (50 psf) are durable and reliable. A recently renovated built-up tar roof ensures long-term protection. The building provides ample parking with a ratio of 4 spaces per 1,000 square feet. A card access system enhances security. Its convenient location across from a Marriott Hotel and near an Amtrak/NJ Transit station (with a free shuttle) provides unparalleled accessibility. The area also offers several smaller airports catering to corporate jet travel. The 480-volt electrical service ensures power reliability. Zoned X, this property presents a unique opportunity for businesses seeking a prestigious and functional office space. Each floor offers approximately 18,000 square feet of space.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $10,218,912
    Hospitality
    $9,360,469
    Educational
    $7,787,800
    Medical
    $8,055,634
    Retail
    $12,114,355

Location Insight

City
Princeton
County
Middlesex
State
New Jersey
Latitude
40.3584
Longitude
-74.6017
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
2023
$188,455
$2,026,000
$5,364,400
$7,390,400
-
$2,026,000
$5,364,400
$7,390,400

FAQs

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