201-712-5606
1467 Rt 31 S, Annandale, NJ for Sale
Office - FOR SALE
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1467 Rt 31 S
Annandale, NJ 08801


HIGHLIGHTS

  • The offering consists of one building approximately 105,074 SF on a 10.44-acre site, offering a three-story structure.
  • The site offers ample parking.
  • The property also benefits from an alternate access point to the right of the site on Country Club Drive.

OVERVIEW

CBRE, Inc. (“CBRE”) has been retained as the exclusive advisor for 100% of the fee interest sale of 1467 Route 31 in Annandale, New Jersey (the “Property”). The Property is located within Hunterdon County, with over 700’ of frontage on Route 31. The offering consists of one municipal tax lot totaling approximate 10.44 acres, occupied by a ±105,074 SF office building. The vacant Property is well positioned to capture user demand due to its attractive curb appeal, in a professional setting, surrounding affluent population base, as well as local and regional access to a highly skilled and diverse labor force. The locational value is further enhanced by its direct proximity to Route 31 and easy access to Interstate 78. This offering provides an investor the opportunity to execute a value-add repositioning strategy for a well-located Hunterdon County building. 1467 Route 31 was institutionally built in 1999 as a single tenant research and development facility occupied by Ingersol Rand for office/lab use. Most recently purchased in 2022, with plans to convert the prior labs to storage while taking advantage of the top floors of office, the building will require significant renovations to revert to its original lab/office configuration. The building offers two passenger elevators with freight and loading capabilities, open floor plans to accommodate individual workstations, conference rooms, and private offices. The building also featured a full-service café, a library, a fully equipped fitness center, and provides ample surface parking today.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

297

LAND DETAILS

LAND ACRES

10.44 AC

LAND SF

454,766 SF

ZONING

PUD

APN/PARCEL ID

06-00079-02-00007

ASK ABOUT THIS PROPERTY

Robert L'AbbateCBRE, Inc.More Info
201-712-5606

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Robert L'AbbateCBRE, Inc.More Info
201-712-5606

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.