1052 Stelton RdPiscataway, NJ 08854

  • Other commercial real estate
  • 6,288 SF
For Lease

Property Details for 1052 Stelton Rd

Year built
1971
Lot size
4.03 AC
Property size (Sq ft)
6,288 SF
Zone code
GB
Property type
Other commercial real estate
APN
17 05402-0000-00010- 01
APU
170540200000001001

Description

This exceptional retail property at 1052 Stelton Road in Middlesex County offers a prime opportunity for a variety of businesses. The 18,560 square foot building currently houses a Pep Boys, operating under a long-term ground lease. A significant portion of the space, totaling 9,763 square feet, is currently vacant and available for lease. The existing Pep Boys will continue its tire and auto repair operations. The vacant space, ranging from approximately 3,200 to 11,500 square feet, is highly adaptable and suitable for a range of uses. Ideal tenants might include medical facilities (dialysis or plasma centers), childcare centers, pet daycares, discount retailers, furniture stores, hardware stores, or automotive-related businesses that do not directly compete with the existing Pep Boys' services (e.g., collision centers, auto glass repair, or specialized auto parts). The property boasts excellent visibility from all directions and ample parking, ensuring convenient access for customers. Its location is typically surrounded by nationally recognized retailers, providing strong co-tenancy benefits. The size of the available space can be customized to meet specific tenant requirements. Cash allowances may be negotiated, contingent upon a rent structure that ensures a reasonable return on investment. This is a unique chance to secure a well-located retail space in a thriving Middlesex County market.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,189,936
    Hospitality
    $1,089,974
    Educational
    $906,846
    Medical
    $938,034
    Retail
    $1,410,649
1052 Stelton Rd, Piscataway, New Jersey

Location Insight

City
Piscataway
County
Middlesex
State
New Jersey
Latitude
40.5496
Longitude
-74.4322
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
2023
$93,214
$2,431,000
$2,189,000
$4,620,000
-
$2,431,000
$2,189,000
$4,620,000

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