230 Davidson Ave is a two-story, 18,040-square-foot office property in the Route 287 West submarket of Somerset. Originally built in 1980 and renovated in 2010, AXRIA acquired the distressed asset at bank foreclosure in 2019 for $1,800,000 and executed a full gut-up and value-add renovation to modernize finishes and systems. The building sits on a 4.84-acre site (FAR 0.09) and offers 72 surface parking spaces at a ratio of 4.00 per 1,000 SF. Following renovation, the property achieved full lease-up and remains under AXRIA’S ownership.
