703 Jersey Ave New Brunswick, NJ 08901
- Industrial properties
- 11,760 SF
- 5.77 lot acres
Current Use by Public Records
- VSA New Jersey / Non-Profit Organization
- Middlesex County Reprographics / County Government Office
Property Details for 703 Jersey Ave
- Year built
- 1980
- Construction
- BRICK
- Lot size
- 5.77 lot acres
- Property size
- 11,760 SF
- Zone code
- I-2
- Property type
- Industrial properties
- APN
- 13 00597- 05-00002
- APU
- 13005970500002
Description
This exceptional ±5.8-acre industrial property, located at 703 Jersey Avenue in New Brunswick, New Jersey, presents a significant investment opportunity. Situated in Middlesex County, zip code 08901, this site boasts approximately 3.5 acres of usable outdoor industrial storage space, ideal for various operational needs. The property is zoned I-2, offering flexibility for a range of industrial uses. The expansive lot size (Block 597, Lot 2) provides ample room for expansion or future development. Its strategic location in New Brunswick offers convenient access to major transportation arteries, facilitating efficient logistics and distribution. This property is an excellent choice for businesses seeking a substantial outdoor storage solution in a prime New Jersey location. The property's size and zoning make it suitable for a variety of industrial uses, providing a strong foundation for long-term growth and profitability. Detailed site plans and zoning information are readily available upon request. This is a rare opportunity to acquire a large, well-located industrial property in a thriving market. Don't miss out on this chance to secure a valuable asset in a highly sought-after area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $10,160,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $10,225,000
- 6.5%
- $9,725,000
- 7%
- $10,265,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $8,900,000
- Geo Method
- $9,605,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $8,980,000
- Retail
- $10,455,000
- Mixed-Use
- $9,240,000
- Hospitality
- $10,510,000
- Educational
- $8,305,000
- Residential Income
- $10,615,000
- Energy
- $10,255,000
- Income-Based Land
- $10,410,000
- Food Service
- $10,335,000
Location Insight
- Map
- Local Demand
- City
- New Brunswick
- County
- Middlesex
- State
- New Jersey
- Longitude
- -74.4743
- Latitude
- 40.4757
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
