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1467 Rt 31 S 105,074 SF 4-Star Office Building Annandale, NJ 08801 For Sale
Investment Highlights
- The offering consists of one building approximately 105,074 SF on a 10.44-acre site, offering a three-story structure.
- The property also benefits from an alternate access point to the right of the site on Country Club Drive.
- The site offers ample parking.
Executive Summary
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.
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.
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Office
Building Size
105,074 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
1999
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
35,025 SF
Slab To Slab
14’
Building FAR
0.23
Lot Size
10.44 AC
Zoning
PUD - Commercial and Office
Parking
297 Spaces (2.83 Spaces per 1,000 SF Leased)
Amenities
- Bio-Tech/ Lab Space
- Fitness Center
- Signage
- Reception
- Monument Signage
- Outdoor Seating
- Air Conditioning
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 06-00079-02-00007 | Improvements Assessment | $691,138 CAD |
| Land Assessment | $4,394,403 CAD | Total Assessment | $5,085,541 CAD |
Property Taxes
Parcel Number
06-00079-02-00007
Land Assessment
$4,394,403 CAD
Improvements Assessment
$691,138 CAD
Total Assessment
$5,085,541 CAD
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1467 Rt 31 S
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