91 New England AvePiscataway, NJ 08854
- Industrial properties
- 214,683 SF
Property Details for 91 New England Ave
- Year built
- 1971
- Lot size
- 13.38 AC
- Property size (Sq ft)
- 214,683 SF
- Zone code
- LI5
- Property type
- Industrial properties
- APN
- 17 04701-0000-00007- 01
- APU
- 170470100000000701
Description
This exceptional 50,000-square-foot commercial property, located at 91 New England Avenue in Piscataway, New Jersey, presents a unique opportunity for a single tenant. Classified as a Class B building, this property seamlessly blends office and industrial space, making it ideal for a variety of businesses. The entire 50,000 square feet is currently vacant, offering immediate occupancy. The building's location is highly convenient, situated near the intersection of New England Avenue and Colonial Drive, providing easy access to Route 287. This prime location within Middlesex County offers excellent visibility and accessibility for employees and clients alike. The property is categorized as both Executive Office and Warehouse space, suggesting a flexible layout adaptable to diverse operational needs. The single-tenant occupancy ensures exclusive use of the entire facility, eliminating shared space concerns. This substantial space provides ample room for expansion and customization to meet specific business requirements. The 08854 zip code further highlights the strategic location within a thriving commercial area. This is a rare opportunity to secure a large, versatile property in a desirable New Jersey location. Interested parties are encouraged to inquire for further details and to schedule a viewing.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $79,195,700
- 6.5%
- $73,103,700
- 7%
- $67,882,000
-
Comparable approach
- Method
- Valuation
- Relative Method
- $44,880,800
- Geo Method
- $44,880,800
-
Alternative Use
- Use
- Valuation
- Retail / Commercial
- $37,487,200
- Mixed-Use / Specialty
- $37,353,600
- Hospitality / Lodging
- $27,405,100
- Office
- $37,131,700
- Institutional / Educational
- $38,832,700
- Residential Income
- $45,434,200
- Multifamily
- $54,491,400
- Automotive / Energy
- $33,285,200
- Parking / Income-Based Land
- $11,486,300
- Restaurant / Food Service
- $19,427,900
- Healthcare / Senior Housing
- $38,305,400
Location Insight
- City
- Piscataway
- County
- Middlesex
- State
- New Jersey
- Latitude
- 40.5542
- Longitude
- -74.4664
- 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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