208 New RdSouth Brunswick Township, NJ 08852

For Lease
  • Commercial real estate
  • 9.79 AC

Property Details for 208 New Rd

Lot size
9.79 AC
Zone code
C-3
Property type
Commercial real estate
APN
21 00095-0000-00048- 13
APU
210009500000004813

Description

This exceptional retail opportunity presents 60,000 square feet of vacant space within a 78,500-square-foot multi-tenant commercial building situated on a 9.75-acre lot in Middlesex County. The property boasts a prime location on Route 1, a high-traffic thoroughfare with over 62,000 vehicles passing daily. Its visibility is further enhanced by its placement at a signalized intersection. The space is ideal for a variety of uses, including food service, fitness centers, and medical facilities. Flexible lease terms are available, with a minimum divisible space of 2,000 square feet and a maximum contiguous space of 50,000 square feet. This property is part of a proposed retail development on an existing hotel site, offering significant potential for growth and synergy. The substantial lot size provides ample parking and room for future expansion. The high daily traffic count and strategic location ensure maximum exposure and visibility for any tenant. This is a rare opportunity to secure a prominent retail space in a thriving area. The property is currently undergoing development, presenting a chance to be part of a dynamic and growing commercial center.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $80,726,192
    Hospitality
    $73,944,752
    Educational
    $61,521,168
    Medical
    $63,636,976
    Retail
    $95,699,592
208 New Rd, South Brunswick Township, New Jersey

Location Insight

City
Monmouth Junction
County
Middlesex
State
New Jersey
Latitude
40.3994
Longitude
-74.5575
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
$76,868
$950,400
$558,000
$1,508,400
-
$950,400
$558,000
$1,508,400

FAQs

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