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Industrial Property with USDA Processing

1056-1070 Magnolia Ave, Elizabeth, NJ

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For Sale

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Industrial building featuring USDA processing, refrigeration, and freezer capabilities.

Type:INDUSTRIAL

Property size:

23,046 SF

Lot size:

0.44 Acres

Price / SF:

$151/SF

HighLights

Significant future expansion potential: Approximately 17,000 SF, with the possibility of adding another 9,000‑10,000 SF.
Substantial power supply: 1600 Amp @ 208‑240V, 3 Phase.
Versatile loading capabilities with 3 Tailboards and 1 Drive‑In.
Flexible ceiling heights ranging from ±8’ to 26’ Clear.
Equipped for specialized operations including USDA Processing, Refrigeration, and Freezer.
Ample parking with 30 Spaces.

We can help!

Listing Contact

Scott G. Savastano

Learn more

For Sale

Contact for pricing

Industrial building featuring USDA processing, refrigeration, and freezer capabilities.

Type:INDUSTRIAL

Property size:

23,046 SF

Lot size:

0.44 Acres

Price / SF:

$151/SF

Added:: Aug 13, 2024
Days on Market:: 667
Last Refresh:: May 20 at 8:50 pm

Property Features for 1056-1070 Magnolia Ave

General Information

Standard status: Active
Size: 23,046 SF
Lot size: 0.44 Acres
Property subtype: INDUSTRIAL

Properties For Sale

at 1056-1070 Magnolia Ave Contact us

We can help!

Listing Contact

Scott G. Savastano

Listing agent Scott G. Savastano License #9132539

Listing office The Blau & Berg Company

Listing date Aug 13, 2024

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of The Blau & Berg Company

HighLights

Significant future expansion potential: Approximately 17,000 SF, with the possibility of adding another 9,000‑10,000 SF.
Substantial power supply: 1600 Amp @ 208‑240V, 3 Phase.
Versatile loading capabilities with 3 Tailboards and 1 Drive‑In.
Flexible ceiling heights ranging from ±8’ to 26’ Clear.
Equipped for specialized operations including USDA Processing, Refrigeration, and Freezer.
Ample parking with 30 Spaces.

Overview

This industrial property offers approximately 23,046 square feet of space with ceiling heights ranging from approximately 8 to 26 feet clear. It features a wet sprinkler system and gas suspended heating. The property is equipped with 1600 Amps of power at 208-240V, 3 Phase. Loading is facilitated by 3 tailboards and 1 drive-in door. There are 30 parking spaces available. The zoning is commercial. The property is suitable for USDA processing, refrigeration, and freezer applications. Future expansion is possible with approximately 17,000 square feet available. Additional development can add approximately an additional 9,000 – 10,000 square feet. Taxes for 2020 were $68,611.23.

Local Financial Insights For Industrial

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$392.7k	$17.04
− Vacancy	−$22.8k	−$0.99
EGI	$369.9k	$16.05
− OpEx	−$111.0k	−$4.82
NOI	$258.9k	$11.24

23,046 SF · lease $17.04/SF/yr · vacancy 5.80% · expense 30.00%

Alternative Uses

Best Use

Industrial

$3.70M

$3.24M – $4.32M (±1% cap)

NOI $258,949 @ 7.0% cap · market cap 7.40%

Second Best

—

no second resolved use

Theoretical Best

Office A

$8.54M

$7.47M – $9.96M (±1% cap)

NOI $597,529 @ 7.0% cap · market cap 17.07%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Industrial properties

Suggested Use

Location Insight

Map
Local Demand

City: Elizabeth
County: Union
State: New Jersey
Longitude: -74.207
Latitude: 40.6678

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For sale
Industrial properties
NJ
Elizabeth
1056-1070 Magnolia Ave

What type of property is this?

Industrial property - Industrial building featuring USDA processing, refrigeration, and freezer capabilities.

Where is this industrial property located?

The property is located at 1056-1070 Magnolia Ave Elizabeth, NJ.

What is the asking price?

The asking price for this property is $3,500,000.

What are key features of this property?

This property features: Significant future expansion potential: Approximately 17,000 SF, with the possibility of adding another 9,000‑10,000 SF.; Substantial power supply: 1600 Amp @ 208‑240V, 3 Phase.; Versatile loading capabilities with 3 Tailboards and 1 Drive‑In.

1056-1070 Magnolia Ave, Elizabeth, NJ

Industrial building featuring USDA processing, refrigeration, and freezer capabilities.

Property Features for 1056-1070 Magnolia Ave

General Information

Properties For Sale

We can help!

HighLights

Overview

Local Financial Insights For Industrial

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Established Restaurant and Lounge Business

Multi-Family Home in Elizabeth City

Mixed-Use Commercial and Residential Building

Mixed-Use Corner Property For Sale

Mixed-Use Investment Opportunity in Elizabeth

Renovated Mixed-Use Building in Elizabeth

Mixed-Use Investment Opportunity

Mixed-Use Property with Restaurant Income

Custom-Built Multifamily Near Kean University

Turnkey Bar and Restaurant Opportunity

Mixed-Use Property with Auto Shop

Mixed-Use Property on Elmora Avenue

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