68 Culver RdSouth Brunswick Township, NJ 08852

  • Industrial properties
  • 57,000 SF
For Sale
$9,850,000 View listing

Property Details for 68 Culver Rd

Year built
1975
Construction
CONCRETE BLOCKS
Lot size
8.57 AC
Property size (Sq ft)
57,000 SF
Zone code
I3C1
Property type
Industrial properties
Property subtype
Other industrial properties
APN
21 00033-0000-00004- 071
APU
2100033000000004071

Description

This exceptional 58,000-square-foot mixed-use property in South Brunswick Township, NJ, presents a unique investment opportunity. The building, classified as Class B, boasts a newly installed 30,000-square-foot diagnostic testing facility, complemented by 28,000 square feet of adaptable office space. The property features abundant natural light from floor-to-ceiling windows, high ceilings (18'7" under steel), and ample power (2,000 amps). Parking is generously provided at a ratio of 5.48 cars per 1,000 square feet. The property is zoned RD (I3C1) and benefits from significant fiber optic and power infrastructure. 2023 taxes were $135,506.96. Its strategic location offers easy access to major roadways, including the NJ Turnpike Exit 8A, Route 287, and Route 1, placing it within close proximity to world-class restaurants, shopping, hotels, conference centers, and the Princeton Forrestal Campus. A key advantage is its adjacency to a Bloomberg Data Center. The property is divisible and available for sale or lease, making it suitable for a variety of uses. The asking price is $9,850,000, translating to $169.83 per square foot. This presents a compelling opportunity to acquire a well-situated, versatile commercial property in a thriving New Jersey market.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $10,786,629
    Hospitality
    $9,880,495
    Educational
    $8,220,456
    Medical
    $8,503,170
    Retail
    $12,787,375
68 Culver Rd, South Brunswick Township, New Jersey

Location Insight

City
Monmouth Junction
County
Middlesex
State
New Jersey
Latitude
40.374
Longitude
-74.5153
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
$87,649
$685,600
$1,049,000
$1,734,600
-
$685,600
$1,049,000
$1,734,600

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