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    281 Centennial Ave Piscataway, NJ 08854

    Sponsored
    For Sale
    Contact for pricing

    Single-story flex building, 5-acre lot, great location.

    Property size:
    41,309 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 41,309-square-foot flex/office building presents a unique investment opportunity in Piscataway, New Jersey. Situated on a generous 5-acre lot, the property boasts ample paved parking. The building features approximately 3,000 square feet of warehouse space with a desirable 16-foot clear ceiling height, perfect for various industrial uses. Two platform loading docks ensure efficient loading and unloading operations. The property is zoned Light Industrial (LI-5), offering flexibility for a range of businesses. A significant advantage is the inclusion of a fully owned solar system, providing substantial energy cost savings. Its strategic location provides excellent access to major transportation arteries, including I-287 (Exits 8 & 9), Route 22, Route 1, the New Jersey Turnpike, and the Garden State Parkway, ensuring seamless connectivity throughout the region. Built in 1973, this single-story building presents potential for expansion or redevelopment, making it an attractive proposition for businesses seeking a versatile and well-located industrial space in Middlesex County. The property is owner-used and offers significant potential for future growth.

    Property Features for 281 Centennial Ave

    General Information

    Property type
    Flex space
    Square Feet
    41,309 SF
    Class
    B
    Lot Size
    217,800 SF

    Building Details

    Year Built
    1973
    Stories
    1

    HighLights

    • 41,309 SF single‑story flex/office building in Piscataway, NJ.
    • Situated on a 5‑acre lot with ample paved parking.
    • Features approximately 3,000 SF of warehouse space with 16' clear ceiling height and 2 loading docks.
    • Zoned LI‑5.
    • Includes an owned solar system.
    • Excellent access to major roadways including I‑287, Route 22, Route 1, NJ Turnpike, and Garden State Parkway.
    Property Profile Location Intelligence

    Current Use by Public Records

    New Jersey Plumbing Contractor Binsky Mechanical Mechanical Contractor

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Piscataway
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.4905302
    Latitude
    40.5477281

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    FAQs

    What type of property is this?
    Flex space - Single-story flex building, 5-acre lot, great location.
    Where is this flex space located?
    The property is located at 281 Centennial Ave Piscataway, NJ.
    What are key features of this property?
    This property features: 41,309 SF single-story flex/office building in Piscataway, NJ.; Situated on a 5-acre lot with ample paved parking.; Features approximately 3,000 SF of warehouse space with 16' clear ceiling height and 2 loading docks.
    Request Owner's contact information
    281 Centennial Ave Piscataway, NJ 08854
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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
    281 Centennial Ave Piscataway, NJ 08854
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