1060 Aaron RdNorth Brunswick Township, NJ 08902

Property Details for 1060 Aaron Rd

Year built

2000

Lot size

1.05 AC

Property size (Sq ft)

3,012 SF

Zone code

GO

Property type

Retail properties

Property subtype

Banks

APN

14 00074-0000-00021- 02

APU

140007400000002102

Description

This exceptional 3,100 square foot office building, situated on a generous 45,738 square foot lot, presents a unique investment opportunity. Previously occupied by Mid Penn Bank, the single-tenant property boasts a convenient drive-up and drive-through design, making it ideally suited for a variety of businesses. Imagine a thriving coffee shop, a full-service pharmacy, or even another bank branch taking advantage of this prime location. The building's versatile layout also lends itself to professional office spaces, or showrooms for tile, bath, or cabinetry. Located at the intersection of Route 1 South and Aaron Road, this property enjoys unparalleled visibility and accessibility. Its strategic placement directly across from Costco and Panera Bread, with proximity to the Marriott Courtyard and the soon-to-open train station, guarantees high foot traffic and brand recognition. The building is currently vacant and ready for immediate occupancy, offering a seamless transition for new tenants. The property features 10 parking spaces and is zoned GO. The building is a single story structure with ample space for expansion or customization to meet specific business needs. This is a rare opportunity to secure a highly visible and well-located commercial property in a rapidly developing area. The property's APN is 1400074000000021.

• CAP approach

  CAP return

  Valuation

  6%

  $732,021

  6.5%

  $675,712

  7%

  $627,447

• Comparable approach

  Method

  Valuation

  Relative Method

  $991,741

  Geo Method

  $991,741

• Alternative Use

  Use

  Valuation

  Residential

  $569,988

  Hospitality

  $522,106

  Educational

  $434,386

  Medical

  $449,325

  Retail

  $675,712

Location Insight

City

North Brunswick

County

Middlesex

State

New Jersey

Latitude

40.439

Longitude

-74.5097

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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