113 Whitehead AveSouth River, NJ 08882

Property Details for 113 Whitehead Ave

Lot size

0.35 AC

Property size (Sq ft)

3,660 SF

Property type

Commercial real estate

APN

23 00302-0000-00008- 01

APU

230030200000000801

Description

This ±6,000 square foot industrial land parcel in South River, New Jersey, presents a unique leasing opportunity. Ideally situated at 113 Whitehead Ave, 08882, this single-tenant property offers immediate availability and exceptional access to major transportation arteries. Its convenient location near US Highway 1, the New Jersey Turnpike, and Route 18 ensures seamless logistics and reduced transit times for businesses requiring efficient transportation links. The lot's square shape provides ample space for various industrial uses, including truck parking, industrial outdoor storage (IOS), or other similar operations. The property's flexibility is a key advantage, catering to a range of business needs. Furthermore, there's potential for expansion, with up to 1.6 acres available. This makes it an ideal solution for companies seeking to expand their operations or establish a strategically located base in Middlesex County. The property's immediate availability allows for a swift transition and commencement of operations. This exceptional location and versatile space represent a rare opportunity in today's competitive market.

• CAP approach

  CAP return

  Valuation

  6%

  $685,788

  6.5%

  $633,035

  7%

  $587,819

• Comparable approach

  Method

  Valuation

  Relative Method

  $478,216

  Geo Method

  $478,216

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,246,300

  Retail / Commercial

  $639,097

  Mixed-Use / Specialty

  $636,819

  Hospitality / Lodging

  $467,214

  Office

  $633,035

  Institutional / Educational

  $662,035

  Residential Income

  $774,581

  Multifamily

  $928,990

  Automotive / Energy

  $567,458

  Parking / Income-Based Land

  $195,823

  Restaurant / Food Service

  $331,214

  Healthcare / Senior Housing

  $653,046

Location Insight

City

South River

County

Middlesex

State

New Jersey

Latitude

40.4469

Longitude

-74.3732

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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