1. New Jersey
  2. East Brunswick
  3. 11 Cotters Lane
$4,800,000

11 Cotters Lane, East Brunswick, NJ 08816

  • 15,000 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1967
  • Property Lot Size Icon2.85acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $320/sqft
  • Property List Date Icon Listed 3 months ago

Property Description

11 Cotters Lane is available for sale for the first time. This prestigious headquarters of Gold Medal Service faces the New Jersey Turnpike, and has high visibility from both directions. Sitting on 2.85 Acres of Industrially Zoned Land, the existing building totals 15,000 SF with parking in front for 25+ cars and parking in rear for vehicles, equipment storage and supplies. Gold Medal has recently renewed their lease, making this a great investment for any purchaser looking to acquire stable industrial properties anchored with strong tenancies. (Financial details available upon request). In addition, the current improvements comprise about half of the property. There is potential to expand the footprint of the building by an additional 10,000-14,000 SF and the parking by an added 30 spots. (See attached concept plan and aerial view outlining the area of the property ideal for expansion.) Ideal Uses: The property is an ideal stable investment. The tenant's have been located at the property for 18+ years and in business for 25+ years and are one of the top service companies in New Jersey. The additional land and potential to add value to the property make it ideal for Industrial Developers looking to acquire approvals for the expansion, build it, and lease It for added income, increasing the value of the property and the NOI. Property Features: Existing Building: 15,000 SF on One Level 2.85 Acres in the PI Zone (Planned Industrial) Current Parking for 25+ Cars plus Rear Parking for Vehicles and Equipment Storage. Prime Location Facing the NJTP with Massive Visibility Stable Tenant w/ Long Track Record and Recent Lease Renewal Value-Add: 1+ Acre of Developable Industrial Land for Possible 10-14k SF Expansion Ideal for Investment, Development, or Owner Occupier Real Estate Taxes: $41,429 per year Asking Price: $4,800,000 CAP Rate: 6% This is a trophy property with a great tenant in a prime location.

Listing Status:
Active
Date Added:
January 30, 2025 at 06:00AM
Listing Office:
DAVIS REALTORS : 732-254-6700
Listing Agent:
BRIAN T. WALSH :
MLS ID:
2508700R
  • Flooring: See Remarks
  • A/C: See Remarks
  • Heating: See Remarks

This listing courtesy of BRIAN T. WALSH, DAVIS REALTORS

Location

Schools Nearby

L

Lawrence Brook Elementary School

48 Sullivan Way, East Brunswick, NJ, 08816

Grades PK-5

0.95 miles away

C

Churchill Jr High School

18 Norton Rd, East Brunswick, NJ, 08816

Grades 8-9

1.01 miles away

E

East Brunswick High School

380 Cranbury Rd, East Brunswick, NJ, 08816

Grades 10-12

1.69 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.