635 Cranbury RdEast Brunswick, NJ 08816

Property Details for 635 Cranbury Rd

Year built

2002

Lot size

2.09 AC

Property size (Sq ft)

10,494 SF

Zone code

R2

Property type

Other commercial real estate

APN

04 00319-0000-00020- 02

APU

40031900000002002

Description

This exceptional investment opportunity presents a 10,000 square foot commercial property located at 635 Cranbury Road, East Brunswick, New Jersey, 08816. The property, built in 2002, sits on a 2.09-acre lot and boasts a prominent corner location at Cranbury Road and Fern Road. Currently configured as a former daycare center, the building offers versatile space suitable for a variety of uses, subject to permitted zoning. The property features approximately 25 off-street parking spaces, a significant advantage for potential tenants. The building is zoned R-2, providing flexibility for future development or adaptive reuse. The property is offered at an asking price of $3,750,000, representing a compelling 6.60% capitalization rate. The existing lease is a NNN lease with a 5-year term. Annual property taxes for 2023 were $61,083.75. This property presents a strong investment opportunity in a desirable location with significant potential for future growth and return. The property's size, location, and zoning make it an attractive option for a variety of commercial uses. Serious inquiries are encouraged.

Location Insight

City

East Brunswick

County

Middlesex

State

New Jersey

Latitude

40.4053

Longitude

-74.4247

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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