1060 Aaron Rd North Brunswick, NJ 08902-1089
- Banks
- 3,012 SF
- 1.05 lot acres
Current Use by Public Records
- Banks
Property Details for 1060 Aaron Rd
- Year built
- 2000
- Lot size
- 1.05 lot acres
- Property size
- 3,012 SF
- Zone code
- GO
- Property type
- 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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,200,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,100,000
- 6.5%
- $1,120,000
- 7%
- $1,250,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,100,000
- Geo Method
- $1,120,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,255,000
- Retail
- $1,290,000
- Mixed-Use
- $1,155,000
- Hospitality
- $1,305,000
- Educational
- $1,040,000
- Residential Income
- $1,235,000
- Energy
- $1,210,000
- Income-Based Land
- $1,075,000
- Food Service
- $1,340,000
Location Insight
- Map
- Local Demand
- City
- North Brunswick
- County
- Middlesex
- State
- New Jersey
- Longitude
- -74.5097
- Latitude
- 40.439
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
