Property

East Brunswick, NJ 08816 11 Cotters Lane

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Presented By: DAVIS REALTORS
  • MLS# 2508700R
  • 01/30/2025
  • Request Tour
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  • SQFT • 15,000

Home Details

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.
Presented By: DAVIS REALTORS

Interior Features for 11 Cotters Lane

Bathrooms

Half Baths0
Total Baths

Other Interior Features

FlooringSee Remarks
Total Stories

General for 11 Cotters Lane

CityEast Brunswick
Close Price
CoolingSee Remarks
CountyMiddlesex
Full Baths
HeatingSee Remarks
LevelsEntire Building
Living Area UnitsSquare Feet
Lot Size Square Feet124146
MaintenanceExpense
ModificationTimestamp2025-01-30T21:53:13.000Z
Number Of Units Total
Property SubtypeCommercial
Property TypeCommercial Sale
RoofSee Remarks
SewerPublic Sewer
Standard StatusActive
StatusActive
Stories0
Tax Annual Amount42796
Tax Year2023
UtilitiesSee Remarks
Year Built1967
ZoningPI

Exterior for 11 Cotters Lane

Building Area Total15000
Lot Dimensions0.00 x 0.00
Lot FeaturesIndustrial Area, Industrial Park
Lot Size Acres2.85
Lot Size Area2.85
Parking FeaturesOn Site
Total Parking25
Water SourcePublic

Additional Details

Price History

YOLANDA CASSIDY-BOGAN

Associate
Price $4,800,000
MLS#2508700R
List Date 01/30/2025
Property Type Commercial
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