Where Is 502 Jersey Ave?

502 Jersey Ave, New Brunswick, NJ 08901 is located in Middlesex County. The property was built in 1900 and has a current market value of $12,057,000. It is a warehouse/distribution space with a total area of 172,060 square feet. The building is currently available for lease, with office spaces ranging from 2,300 to 42,000 square feet. The annual property tax for 2023 was $300,098.

The property is located in Middlesex County, New Jersey

The county is bisected by the Raritan River and is largely flat, with elevations ranging from sea level to 300 feet above sea level. It has a humid continental climate, with hot summers and cold winters, and an extensive public park system spanning over 6,300 acres.

Middlesex County has a diverse population, with notable concentrations of Asian Indians and Hispanics. The county is known for its ethnic diversity, with a significant Hungarian community historically and currently. The county's median household income is $93,418, and it offers various cultural, recreational, and educational opportunities for its residents.

Middlesex County has a strong transportation network, including rail stations along the Northeast Corridor Line and the intersection of the state's two busiest roadways, the New Jersey Turnpike and the Garden State Parkway. The county also offers public transportation options through NJ Transit and Amtrak.

The property at 502 Jersey Ave, New Brunswick, NJ, 08901, is currently available for lease, offering spaces ranging from 2,300 to 42,000 square feet. The area has convenient access to public transportation, with nearby commuter rail stations and an international airport.

It is a warehouse/distribution building

502 Jersey Ave, New Brunswick, NJ 08901 is a warehouse and distribution building. The building is currently available for lease, with spaces ranging from 2,300 to 42,000 square feet. The warehouse features 30-foot-high ceilings, column-free spaces, cranes, tailgates, and drive-in loading. It is an 80,000-square-foot facility with 16,400 square feet of broker space.

The building is located in New Brunswick, Middlesex County, New Jersey. New Brunswick is a regional commercial hub and is known for its ethnic diversity. The city is home to Rutgers University, the state's largest university, and several pharmaceutical companies, including Johnson & Johnson and Bristol Myers Squibb.

The warehouse building at 502 Jersey Ave is in close proximity to public transportation options, with the Jersey Avenue Commuter Rail just 5 minutes away and the New Brunswick Commuter Rail only 3 minutes away. The building is also accessible by car, located between U.S. Route 1 and Route 18, and bisected by Route 27.

It has a market value of $12,057,000

502 Jersey Ave, New Brunswick, NJ 08901 is located in Middlesex County. The property is currently available for lease, with space ranging from 2,300 to 42,000 square feet. While the market value of the property is not publicly available, we can estimate its value based on the recent sales and housing market trends in New Brunswick.

As of May 2024, the median home price in New Brunswick was $385,000, with a median price per square foot of $287. The housing market in New Brunswick is considered neutral, indicating reasonable prices and typical time on the market. However, it's important to note that New Brunswick's cost of living is about 14% higher than the national average, with housing expenses being 34% higher.

Additionally, New Brunswick's status as a college town and a regional commercial hub may impact the property's market value. The presence of Rutgers University, Johnson & Johnson's headquarters, and various medical institutions contribute to the city's economic activity and desirability.

Considering these factors, a property with a market value of $12,057,000 in New Brunswick would likely be a substantial commercial or industrial space. It could be a large office building, a warehouse, or a medical facility. The value may also reflect the property's prime location, proximity to transportation hubs, or unique features.

To get a more precise estimate of the property's market value, further details about the property's size, condition, and specific location would be needed. Additionally, consulting local real estate agents or appraisers who are familiar with the New Brunswick market would provide more accurate insights.

It was last sold on 14 March 2019

The property at 502 Jersey Avenue, New Brunswick, NJ 08901 was last sold on 14 March 2019. The industrial warehouse/distribution property, built in 1900, has a total square footage of 172,060 and was purchased for an undisclosed amount. The property tax for 2023 was $300,098, and the market value for the same year was $12,057,000.

It is currently available for lease

502 Jersey Ave, New Brunswick, NJ 08901 is currently available for lease. The property is an 80,000 sq. ft. warehouse facility with high ceilings, cranes, tailgates, and drive-in loading. It is located next to the NJ Transit Train Station and provides easy access to all major highways. The William F Connors Agency is handling the lease.

The property is situated in Middlesex County, in the city of New Brunswick, which is both a college town and a commuter town for residents working in New York City. The city is located on the southern banks of the Raritan River in the Raritan Valley region and is about 27 miles from Manhattan. New Brunswick has a diverse population and a growing skyline, with new high-rise towers filling the downtown area.

The site has a Walk Score of 52 out of 100, indicating that some errands can be accomplished on foot. There are a few public transportation options nearby, and the Jersey Ave stop on the Northeast Corridor Line is just a minute's walk away. The property is also conveniently located near major highways.

The William F Connors Agency is marketing the property as a warehouse facility, and it appears that the space is suitable for industrial use. Prospective tenants can contact the agency for more information about the lease terms and conditions.

Frequently asked questions