1100 Centennial AvePiscataway, NJ 08854
- Office properties
- 16,635 SF
Property Details for 1100 Centennial Ave
- Year built
- 2004
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 1.42 AC
- Property size (Sq ft)
- 16,635 SF
- Zone code
- LI5
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 17 05801-0000-00002
- APU
- 1705801000000002
Description
This exceptional 16,453 square foot medical office space is available for lease in a prime Piscataway, NJ location. Situated in a two-story building on a 1.42-acre lot, this unit offers ample space and convenient amenities. Built in 2003, the building boasts a desirable mix of medical tenants, including a dentist, ophthalmologist, OB-GYN, and allergist. The unit itself comprises 8 rooms and 2 bathrooms, providing a versatile layout for a variety of medical practices. Currently, 2,096 square feet on the first floor is available for lease. The building offers convenient features such as 82 parking spaces and one elevator, ensuring easy access for patients and staff. The property benefits from its strategic location, just 6 miles from Saint Peter's University Hospital and 8 miles from JFK Medical Center, providing excellent access to healthcare resources and a strong patient base. Separate electric and gas meters offer efficient utility management. Each floor encompasses 8,226 square feet, providing a spacious and functional environment for a thriving medical practice. This is a rare opportunity to secure a well-located, sizable medical office space in a thriving community.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,750,262
- 6.5%
- $2,538,704
- 7%
- $2,357,368
-
Comparable approach
- Method
- Valuation
- Relative Method
- $2,173,529
- Geo Method
- $2,173,529
-
Alternative Use
- Use
- Valuation
- Residential
- $3,147,993
- Hospitality
- $2,883,544
- Educational
- $2,399,075
- Medical
- $2,481,583
- Retail
- $3,731,894
Location Insight
- City
- Piscataway
- County
- Middlesex
- State
- New Jersey
- Latitude
- 40.551
- Longitude
- -74.459
- 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
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