281 Centennial Ave Piscataway, NJ 08854-3949
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.
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New Jersey Plumbing General Contractor
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Binsky Mechanical General Contractor Construction Company
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
LI5 · Piscataway, NJPiscataway. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.