828, 832, 846, 854 and 866 Livingston Ave. in North Brunswick — Courtesy: NAI DiLeo-Bram & Co.
By Joshua Burd
The owner of more than 7,000 square feet across five properties in North Brunswick is looking to sell the portfolio, tapping NAI DiLeo-Bram & Co. to lead the offering.
According to a news release, NAIDB Vice President Jennifer Harrison and Associate Vice President Robert V. DiLeo have listed the adjacent properties at 828, 832, 846, 854 and 866 Livingston Ave. They’re marketing the assets for sale as either a single package or separate offerings, noting that it includes both housing and office space.
“The Livingston Avenue portfolio, entirely designated C-1 and ready for immediate occupancy, presents a truly unique and flexible opportunity for investors aiming to capitalize on a rapidly expanding commercial corridor at the heart of Middlesex County,” Harrison said. “This rare blend of flexibility, scale and prime location within a block of major transit and educational anchors merges a rare collection of uses.”
The largest of the buildings, 854 Livingston Ave., is a 2,547-square-foot office property that is being sold with an adjacent 0.34-acre vacant corner lot at 866 Livingston Ave., the news release said. NAIDB said the tract, situated across from Livingston Park Elementary School, is well suited for day care and educational users or a veterinary practice.
Meantime, the single-story buildings at 832 and 828 Livingston Ave. encompass 1,315 and 1,223 square feet, respectively, and are preapproved for residential sober-living use, the firm said. This offers a market-unique turnkey solution for supportive housing operators or other health care-based service providers seeking a mission-aligned asset in an established community setting.
Rounding out the portfolio is 846 Livingston Ave., a two-story, 2,000-square-foot professional office building. The brokers described it as a turnkey office with 12 on-site parking spaces and a heated garage, supporting a wide range of commercial or mixed-use applications and benefiting from flexible zoning and an infill location.
“The combination of income-producing assets and significant development potential within this portfolio is virtually unheard of for this submarket,” DiLeo said. “With strong demand for medical office space, specified-use facilities and prime infill development opportunities, this offering caters to a wide range of investors and end-users looking to capitalize on North Brunswick’s strategic location and its role as a commercial crossroads within The Brunswicks.”
