1620 Oak Tree RdEdison, NJ 08820

For Lease
  • Commercial real estate
  • 0.73 AC

Property Details for 1620 Oak Tree Rd

Construction
CONCRETE BLOCKS
Lot size
0.73 AC
Zone code
GB
Property type
Commercial real estate
APN
05 00546- 02-00043- 01
APU
500546020004301

Description

This exceptional 13,738-square-foot freestanding retail building located at 1620 Oak Tree Road in Middlesex County is currently available for lease. The property boasts a highly desirable single-tenant occupancy, offering complete control and flexibility for the new occupant. Its prime corner location ensures excellent visibility and accessibility, further enhanced by prominent pylon signage. Ample private parking is available for customers and employees, adding to the convenience and appeal of this location. The building is a single-story structure, providing easy navigation and efficient use of space. The property's strategic location places it in close proximity to several established national retailers, including Exxon, Bank of America, and Burger King, creating a strong synergy and high foot traffic potential. This ensures a robust customer base and increased brand awareness for the tenant. The lease expiration date is January 31, 2041. All leases must be coterminous. This presents a unique opportunity for a business seeking a well-positioned, high-visibility retail space with significant long-term potential. The entire building is currently vacant, providing a blank canvas for a new tenant to customize the space to their specific needs.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $6,008,720
    Hospitality
    $5,503,956
    Educational
    $4,579,226
    Medical
    $4,736,713
    Retail
    $7,123,241
1620 Oak Tree Rd, Edison, New Jersey

Location Insight

City
Edison
County
Middlesex
State
New Jersey
Latitude
40.5734
Longitude
-74.3365
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
$64,898
$299,200
$796,500
$1,095,700
-
$299,200
$796,500
$1,095,700

FAQs

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