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Property profile & analytics
OFF-MARKET
Industrial properties

281 Centennial Ave Piscataway, NJ 08854-3949

40,838 SF 5 ac lot Built 1972
Entity Owned Free & Clear
Property ID
US59-1540241
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1972
Total area 40,838 SF
Lot 5 ac (217,800 SF)
Zoning code LI5
APN 17 04001-0000-00005
UPID US59-1540241
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • New Jersey Plumbing General Contractor
  • Binsky Mechanical General Contractor Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
281 Centennial Avenue LLC
281 Centennial Avenue LLC
since 2025
Last sale
$10.5M
5 recorded transactions
2025
$10.5M
2025
Price N/A
2023
Price N/A
2019
$3.8M
1969
Price N/A
Zoning & alternative use
LI5 · Piscataway, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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