107 How LnNew Brunswick, NJ 08901

Property Details for 107 How Ln

Year built

1950

Construction

BRICK

Lot size

6.40 AC

Property size (Sq ft)

10,300 SF

Zone code

I-2E

Property type

Industrial properties

APN

13 00597-0000-00012- 01

APU

130059700000001201

Description

This exceptional New Brunswick, NJ industrial property offers a diverse portfolio of three buildings totaling 38,000 square feet on a 6.5-acre lot. The property features a mix of warehouse and distribution space, ideal for multiple tenants. Building sizes range from 8,000 to 19,500 square feet, with flexible lease options available. The buildings boast impressive features including ceiling heights ranging from 14 to 24 feet, 23 dock-high doors, and 20 drive-in doors. Zoned I-2E, this property provides ample on-site paved parking and outdoor storage. Dual access points from How Lane and Jersey Avenue ensure convenient access and logistics. The property's strategic location in Middlesex County, New Jersey, offers easy access to major transportation arteries, making it an attractive option for businesses seeking efficient distribution and operations. The asking price is $30,000 per acre net, including the buildings. This represents a significant opportunity for investors and businesses seeking a versatile and well-located industrial property. Contact us today to learn more about this exceptional investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $3,799,630

  6.5%

  $3,507,350

  7%

  $3,256,830

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,153,280

  Geo Method

  $2,153,280

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $1,798,550

  Mixed-Use / Specialty

  $1,792,140

  Hospitality / Lodging

  $1,314,840

  Office

  $1,781,490

  Institutional / Educational

  $1,863,100

  Residential Income

  $2,179,830

  Multifamily

  $2,614,370

  Automotive / Energy

  $1,596,950

  Parking / Income-Based Land

  $551,086

  Restaurant / Food Service

  $932,106

  Healthcare / Senior Housing

  $1,837,810

Location Insight

City

New Brunswick

County

Middlesex

State

New Jersey

Latitude

40.47

Longitude

-74.4801

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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