68 Culver Rd Monmouth Junction, NJ 08852-2818
- Industrial properties
- 57,000 SF
- 8.57 lot acres
Jan 03, 2022
Current Use by Public Records
- Industrial properties
Property Details for 68 Culver Rd
- Year built
- 1975
- Construction
- CONCRETE BLOCKS
- Lot size
- 8.57 lot acres
- Property size
- 57,000 SF
- Zone code
- I3C1
- Property type
- Industrial properties
- APN
- 21 00033-0000-00004- 071
- APU
- 2100033000000004071
Description
This exceptional 58,000-square-foot mixed-use property in South Brunswick Township, NJ, presents a unique investment opportunity. The building, classified as Class B, boasts a newly installed 30,000-square-foot diagnostic testing facility, complemented by 28,000 square feet of adaptable office space. The property features abundant natural light from floor-to-ceiling windows, high ceilings (18'7" under steel), and ample power (2,000 amps). Parking is generously provided at a ratio of 5.48 cars per 1,000 square feet. The property is zoned RD (I3C1) and benefits from significant fiber optic and power infrastructure. 2023 taxes were $135,506.96. Its strategic location offers easy access to major roadways, including the NJ Turnpike Exit 8A, Route 287, and Route 1, placing it within close proximity to world-class restaurants, shopping, hotels, conference centers, and the Princeton Forrestal Campus. A key advantage is its adjacency to a Bloomberg Data Center. The property is divisible and available for sale or lease, making it suitable for a variety of uses. The asking price is $9,850,000, translating to $169.83 per square foot. This presents a compelling opportunity to acquire a well-situated, versatile commercial property in a thriving New Jersey market.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $5,885,000
- ML approach
- $6,150,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $6,892,000
Market price range: $6.89M - $25.9M
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Location Insight
- Map
- Local Demand
- City
- Monmouth Junction
- County
- Middlesex
- State
- New Jersey
- Longitude
- -74.5153
- Latitude
- 40.374
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA