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1613 State Rt 27 - Nursery Center 5.81 Acres of Commercial Land Offered at $2,500,000 in Somerset, NJ 08873

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INVESTMENT HIGHLIGHTS

  • The site is in close proximity to Routes 1, 18, 27, 130, I-287 and NJ Turnpike
  • The site is located in a densely populated area

EXECUTIVE SUMMARY

The property includes a Garden Center Building On the Site. It is the last piece of land along Route 27 zoned as "CR" (Cluster Residential). THE VALUE IS IN THE LAND!

PROPERTY FACTS Under Contract

Price $2,500,000
Sale Type Investment or Owner User
Sale Condition Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Apartment Units - Senior
  • Self Storage
Total Lot Size 5.81 AC

1 LOT AVAILABLE

Lot

Price $2,500,000
Price Per AC $430,292.60
Lot Size 5.81 AC

DESCRIPTION

The site is located in a densely Populated area surrounded by several hundred apartments, single family homes, condominiums and town homes, along with a host of national retailers and private practitioner’s in the medical, dental and vision industries. The subject property is minutes away from New Brunswick, (County Seat) of Middlesex County and home to Saint Peters University Hospital, Robert Wood Johnson University Hospital, Rutgers State University, The New Brunswick Train Station, the Jersey Avenue Train Station. The site is in close proximity to Routes 1, 18, 27, 130, I-287 and NJ Turnpike. Bus service, both local and to New York runs along Route 27 via Coach USA.

  • Listing ID: 15314762

  • Date on Market: 3/1/2019

  • Last Updated:

  • Address: 1613 State Rt 27, Somerset, NJ 08873

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