940 Easton AveFranklin Township, NJ 08873

Property Details for 940 Easton Ave

Construction

BRICK

Lot size

27.42 AC

Property size (Sq ft)

8,175 SF

Zone code

GB

Property type

Other commercial real estate

APN

08 00385-0000-00002- 07

APU

80038500000000207

Description

Rutgers Plaza, located at 940 Easton Ave, Franklin Township, NJ 08873, offers a unique opportunity within a thriving Somerset County commercial center. This Class A, single-story property boasts a total of 266,157 square feet, featuring 19 suites ranging from a minimum of 1,848 square feet to a maximum contiguous space of 107,566 square feet. Renovated in 2005 and zoned GB, the center benefits from its strategic location on heavily trafficked Easton Avenue at JFK Boulevard, providing easy access to I-287 and New Brunswick. Anchored by a high-volume Stop and Shop, Rutgers Plaza enjoys an impressive 1.4 million annual visits. The property's proximity to Rutgers University (70,000 students and employees), four major hospital systems, NJ Transit's Northeast Corridor, and substantial Class A office and industrial space ensures a consistent flow of potential customers. Recent additions to the tenant roster include McDonald's, Cutter's Barbershop, L&C Associates, and an expanded Venus Jewelers, demonstrating the center's continued growth and appeal. This exceptional retail opportunity presents a compelling investment prospect in a dynamic and densely populated area.

• Alternative Use

  Use

  Valuation

  Residential

  $1,547,030

  Hospitality

  $1,417,071

  Educational

  $1,178,986

  Medical

  $1,219,534

  Retail

  $1,833,979

Location Insight

City

Somerset

County

Somerset

State

New Jersey

Latitude

40.5119

Longitude

-74.4874

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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