201 Wood Ave Middlesex, NJ 08846-2554
- Industrial properties
- 6,290 SF
- 0.29 lot acres
Current Use by Public Records
- Falcon Maintenance / Electrician
- Little Jimmy & The Starlites / Band
- Stirling Audio Services / Audio Visual Consultant
Property Details for 201 Wood Ave
- Year built
- 1978
- Lot size
- 0.29 lot acres
- Property size
- 6,290 SF
- Zone code
- IND
- Property type
- Industrial properties
- APN
- 10 00290-0000-00038
- APU
- 1000290000000038
Description
This exceptional 15,000-square-foot industrial flex space at 201-205 Wood Avenue in Middlesex, New Jersey, presents a unique investment opportunity. Built in 1971 and extensively renovated in 2024, this Class B property offers a clean, open layout ideal for various businesses. The building features a 14-foot ceiling height, providing ample vertical space for storage or operations. Access is facilitated by three dock-high doors and one drive-in door, ensuring efficient loading and unloading. Currently, the entire 15,000 square feet is available for lease, divisible into two units: one 4,000-square-foot unit and one 3,000-square-foot unit. The monthly rent for the 4,000-square-foot unit is $6,600, and the 3,000-square-foot unit is $5,100. The property is zoned for industrial use and is located in Middlesex, NJ, 08846. The number of parking spaces is to be determined. This flexible space offers a low fixed monthly rent, making it an attractive option for businesses seeking a cost-effective and functional workspace. The property's recent renovation ensures modern amenities and a well-maintained environment. This is an excellent opportunity to secure a prime industrial space in a desirable New Jersey location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,500,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,470,000
- 6.5%
- $1,405,000
- 7%
- $1,610,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,500,000
- Geo Method
- $1,295,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,345,000
- Retail
- $1,525,000
- Mixed-Use
- $1,580,000
- Hospitality
- $1,235,000
- Educational
- $1,355,000
- Residential Income
- $1,515,000
- Energy
- $1,130,000
- Income-Based Land
- $1,335,000
- Food Service
- $1,545,000
Location Insight
- Map
- Local Demand
- City
- Middlesex
- County
- Middlesex
- State
- New Jersey
- Longitude
- -74.4873
- Latitude
- 40.5723
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
