5 Johnson DrRaritan, NJ 08869

  • Industrial properties
  • 18.64 AC
For Lease
$18.75/SF/YR View listing

Property Details for 5 Johnson Dr

Year built
1966
Lot size
18.64 AC
Property type
Industrial properties
Property subtype
Other industrial properties
APN
16 00062-0000-00003
APU
1600062000000003

Description

This exceptional 10,000-square-foot industrial property, located at 5 Johnson Drive in Somerset County, presents a unique leasing opportunity. The single-tenant building, constructed in 1966, offers a spacious and versatile layout ideal for manufacturing, warehousing, or trucking/delivery operations. The entire 10,000 square feet is currently vacant, providing immediate occupancy for a prospective tenant. The property features a single story design, simplifying logistics and operations. Its convenient location within Somerset County offers easy access to major transportation routes, enhancing distribution efficiency. The property's Assessed Parcel Number (APN) is 16-00062-0000-00003. This is an excellent opportunity for a business seeking a substantial, readily available industrial space in a prime Somerset County location. The property's single-tenant status ensures exclusive use and control, minimizing potential conflicts with other occupants. The building's age provides a solid foundation, while the ample square footage allows for customization to meet specific operational needs. This property is ready for immediate occupancy and offers significant potential for growth and success. Serious inquiries are encouraged to explore this exceptional leasing opportunity further.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $153,629,616
    Hospitality
    $140,723,904
    Educational
    $117,080,632
    Medical
    $121,107,216
    Retail
    $182,125,424
5 Johnson Dr, Raritan, New Jersey

Location Insight

City
Raritan
County
Somerset
State
New Jersey
Latitude
40.5687
Longitude
-74.6461
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
2022
$347,661
$2,453,800
$10,115,300
$12,569,100
-
$2,453,800
$10,115,300
$12,569,100

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