This exceptional two-story, 28,144 square foot Class B office building, situated on 1.13 acres in Monmouth Junction, NJ, offers a variety of spaces perfect for diverse business needs. Recently renovated in 2023, the property boasts a blend of traditional, executive, and medical office spaces, along with retail and restaurant possibilities. Multiple tenancy options are available, ranging from 282 to 2,000 square feet, catering to businesses of all sizes. The building features 5 parking spaces, providing a 1.78 parking ratio. Originally constructed in 1920, the building's recent renovation provides a modern, contemporary feel while retaining its unique charm. Currently, 2,220 square feet of space is vacant, presenting an excellent opportunity for expansion or new tenancy. The property's suburban rural mix ambiance offers a distinctive setting for businesses seeking a unique location advantage. Its strategic location at 613 Ridge Road provides access to a diverse customer base. Rental rates are competitive, starting at $570 and ranging up to $825 per month, depending on the size of the space. This property is an ideal choice for businesses seeking a blend of modern amenities and a unique, appealing location.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$5,325,000
Hospitality
$4,877,671
Educational
$4,058,165
Medical
$4,197,732
Retail
$6,312,701
Location Insight
City
Monmouth Junction
County
Middlesex
State
New Jersey
Latitude
40.3789
Longitude
-74.5456
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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