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    1600 Perrineville Rd Monroe Township, NJ 08831

    For Lease
    Contact for pricing

    High-performing retail center; multiple suites available.

    Lot size:
    135,090 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    Concordia Shopping Center presents a prime retail investment opportunity in Monroe Township, NJ. This 135,090 square foot community center boasts a desirable location along the New Jersey Turnpike, benefiting from high visibility and convenient access. The property sits on a substantial 14.4-acre lot and offers ample parking with 602 spaces. Currently featuring a mix of tenants including Stop & Shop and Wells Fargo, the center provides multiple suite options ranging from 1,340 to 6,737 contiguous square feet, with 12,313 square feet currently vacant. Built in 1985 and renovated in 2004, the property benefits from its established presence within a thriving commercial area, surrounded by over 1,000 businesses within a three-mile radius. The center's location within a densely populated and affluent community, coupled with recent significant residential growth, ensures a strong and growing customer base. The property comprises 34 individual units, offering flexibility for various retail uses. This is an exceptional opportunity to acquire a well-established retail center in a high-demand location.

    Property Features for 1600 Perrineville Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    135,090 SF

    Building Details

    Year Built/Renovated
    1985/2004

    Unit(s) available at that property

    Space
    Available Space 31
    Size
    2,458 SF
    Space
    Available Space 42
    Size
    6,737 SF
    Space
    Available Space 57
    Size
    1,340 SF
    Space
    Suite 41C.2
    Size
    1,778 SF

    HighLights

    • Middlesex County location.
    • 135,090 square foot retail property.
    • 14.4‑acre site.
    • 602 parking spaces.
    • Built in 1985, renovated in 2004.
    • 34 units.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Gym & Fitness Accounting Firm Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Monroe Township
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.4386745
    Latitude
    40.3146123

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    FAQs

    What type of property is this?
    Retail property - High-performing retail center; multiple suites available.
    Where is this retail property located?
    The property is located at 1600 Perrineville Rd Monroe Township, NJ.
    What are key features of this property?
    This property features: Middlesex County location.; 135,090 square foot retail property.; 14.4-acre site.
    Request Owner's contact information
    1600 Perrineville Rd Monroe Township, NJ 08831
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    Monroe Township, NJ 08831
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1600 Perrineville Rd Monroe Township, NJ 08831
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