36 Middlesex Ave. in Metuchen — Courtesy: NAI DiLeo-Bram & Co.
By Joshua Burd
A private investor has acquired a former Wells Fargo bank property in Metuchen, in one of two deals announced last week by NAI DiLeo-Bram & Co.
According to a news release, the building at 36 Middlesex Ave. drew interest thanks to its bright, all-glass front facade, a partial basement and an expansive dedicated parking lot. It also benefits from a location in the borough’s versatile G2 Gateway Zone at the North Edison border, with permitted uses that appeal to financial institutions, traditional offices and medical practices.
NAIDB added that the municipality has indicated openness to adaptive cafe or restaurant reuses via standard variance procedures, allowing its new owner to further leverage the site’s high exposure to a busy highway corridor. Notably, the Metuchen property is minutes from both the Metuchen and Metropark train stations and destinations such as the Menlo Park Mall and Hackensack Meridian Health JFK University Medical Center.
Marc Shein, an executive vice president with the Woodbridge-based brokerage firm, represented the seller. He also arranged the sale of a second-floor office condominium in Flemington, at 4 Walter E. Foran Blvd., to an expanding local orthodontist practice — highlighting what he said was a persistent trend among health and wellness practitioners prioritizing regional medical-office buildings with ample parking, direct highway accessibility and proximity to core residential neighborhoods.
Terms of the deals were not disclosed.
“These properties were ideal for users-purchasers, a sector that remains active,” Shein said. “Boutique retail and office properties are experiencing highly localized, resilient demand. Both properties are well-located, within or near dynamic community hubs.”
