940 Easton Ave Somerset, NJ 08873-1745
- Commercial real estate
- 8,175 SF
- 27.42 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 940 Easton Ave
- Construction
- BRICK
- Lot size
- 27.42 lot acres
- Property size
- 8,175 SF
- Zone code
- GB
- Property type
- Commercial real estate
- APN
- 08 00385-0000-00002- 07
- APU
- 80038500000000207
Description
Rutgers Plaza, located at 940 Easton Ave, Franklin Township, NJ 08873, offers a unique opportunity within a thriving Somerset County commercial center. This Class A, single-story property boasts a total of 266,157 square feet, featuring 19 suites ranging from a minimum of 1,848 square feet to a maximum contiguous space of 107,566 square feet. Renovated in 2005 and zoned GB, the center benefits from its strategic location on heavily trafficked Easton Avenue at JFK Boulevard, providing easy access to I-287 and New Brunswick. Anchored by a high-volume Stop and Shop, Rutgers Plaza enjoys an impressive 1.4 million annual visits. The property's proximity to Rutgers University (70,000 students and employees), four major hospital systems, NJ Transit's Northeast Corridor, and substantial Class A office and industrial space ensures a consistent flow of potential customers. Recent additions to the tenant roster include McDonald's, Cutter's Barbershop, L&C Associates, and an expanded Venus Jewelers, demonstrating the center's continued growth and appeal. This exceptional retail opportunity presents a compelling investment prospect in a dynamic and densely populated area.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Somerset
- County
- Somerset
- State
- New Jersey
- Longitude
- -74.4874
- Latitude
- 40.5119
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
