32 Jefferson PlzPrinceton, NJ 08540

  • Office properties
  • 2,000 SF
For Sale
$539,900 View listing

Property Details for 32 Jefferson Plz

Property size (Sq ft)
2,000 SF
Zone code
OR
Property type
Office properties
Property subtype
Other office properties
APN
21 00096- 06-00032
APU
21000960600032

Description

This exceptional commercial property, located at 32 Jefferson Plaza in Middlesex, New Jersey, presents a unique investment opportunity. The property consists of a single-tenant, 2,000 square foot office building situated on a parcel of land zoned for business use. The property's address is 32 Jefferson Plaza, Middlesex, NJ 08540, with GPS coordinates of 40.3805561 latitude and -74.5823989 longitude. The Assessor's Parcel Number (APN) is 21000960600032. The building itself is a single-story structure with one suite, ideal for a single occupant or a small business seeking a dedicated space. Ample parking is available with three designated spaces. This property is perfect for a business seeking a convenient and easily accessible location in a thriving area. The property type is classified as both Land and Office, offering flexibility for potential development or continued use as a single-tenant office. Its location in Middlesex, near Princeton, NJ, provides excellent access to major transportation routes and a strong local workforce. The zoning designation is business, ensuring a wide range of potential uses. This is a rare opportunity to acquire a well-located, single-tenant office property with significant potential.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $330,660
    6.5%
    $305,224
    7%
    $283,423
  • Comparable approach

    Method
    Valuation
    Relative Method
    $261,320
    Geo Method
    $261,320
  • Alternative Use

    Use
    Valuation
    Residential
    $378,478
    Hospitality
    $346,684
    Educational
    $288,437
    Medical
    $298,357
    Retail
    $448,680
32 Jefferson Plz, Princeton, New Jersey

Location Insight

City
Princeton
County
Middlesex
State
New Jersey
Latitude
40.3806
Longitude
-74.5824
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
$8,181
$60,000
$100,000
$160,000
-
$60,000
$100,000
$160,000

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