1193 Riv Rd Cranbury, NJ 08512-3628

Property Details for 1193 Riv Rd

Construction

BRICK

Lot size

3.20 lot acres

Zone code

I-3

Property type

Industrial properties

APN

21 00007- 01-00010- 01

APU

2100007010001001

Description

This exceptional 28,800-square-foot industrial warehouse, situated on a 3.31-acre lot in East Windsor, New Jersey (08512), presents a compelling owner-user or investment opportunity. The single-story, Class B building boasts 13-14 foot clear ceilings and two exterior loading docks, complemented by 25 surface parking spaces. Currently vacant, this masonry structure, built in the early 20th century, offers significant potential. Zoned I-3, the property features a building floor area ratio (FAR) of 0.20 and has already secured approvals and entitlements for a substantial 20,000-square-foot expansion, potentially increasing the total square footage to 48,800. The asking price is $7,920,000, representing a price per square foot of $275 and a pro-forma cap rate of 6.00%, with a pro-forma net operating income (NOI) of $475,200. The property's strategic location provides convenient access to major transportation routes, enhancing its appeal to both owner-users and investors. This is a rare opportunity to acquire a well-located industrial property with significant expansion potential in a thriving market. The property's address is 1193 S River Rd, South Brunswick Township, Middlesex County, NJ. The APN is 1221-7.01-10.01. The lease type is NNN.

Location Insight

City

Cranbury

County

Middlesex

State

New Jersey

Longitude

-74.4837

Latitude

40.3442

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments