For Lease
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Property summary
This exceptional investment opportunity presents a 10,000 square foot commercial property located at 635 Cranbury Road, East Brunswick, New Jersey, 08816. The property, built in 2002, sits on a 2.09-acre lot and boasts a prominent corner location at Cranbury Road and Fern Road. Currently configured as a former daycare center, the building offers versatile space suitable for a variety of uses, subject to permitted zoning. The property features approximately 25 off-street parking spaces, a significant advantage for potential tenants. The building is zoned R-2, providing flexibility for future development or adaptive reuse. The property is offered at an asking price of $3,750,000, representing a compelling 6.60% capitalization rate. The existing lease is a NNN lease with a 5-year term. Annual property taxes for 2023 were $61,083.75. This property presents a strong investment opportunity in a desirable location with significant potential for future growth and return. The property's size, location, and zoning make it an attractive option for a variety of commercial uses. Serious inquiries are encouraged.
Property profile
VerifiedCap rate & NOI
Current use
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Home Health Care Service
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
R2 · East Brunswick, NJZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for R2 in East Brunswick, NJ.
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Find the owner behind the property.
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