842 Route 1 North in Edison — Courtesy: Lee & Associates New Jersey
By Joshua Burd
The owner of a car dealership property in Edison is seeking a buyer, having retained Lee & Associates New Jersey to market the parcel.
The 6.44-acre site, located at 842 Route 1 North, is home to a 7,000-square-foot Volvo showroom and 10 service bays. Lee & Associates is seeking would-be developers or investors for the property, touting its location along one of the state’s busiest highways.
“This property presents a great opportunity for a developer or investor to capitalize on high-quality asset with strong growth potential,” said Josh Krantz, a senior vice president with Lee & Associates New Jersey. “With 658 feet of frontage and daily traffic volume in excess of 72,000 cars per day, the site provides excellent visibility alongside a key throughway in the state.”
In a news release, Lee & Associates said the site has approvals to build an additional 40,000 square feet. It is also fully entitled to sell automobiles or can be redeveloped into retail or highway commercial, offering a location that is a short drive to Interstate 287, the New Jersey Turnpike and the Garden State Parkway.
