208 New RdSouth Brunswick Township, NJ 08852
- 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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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