Standalone Building Zoned for
118 Lincoln Ave Dover, NJ 07801
118 Lincoln Ave, Dover, NJ, 07801
$399,000
Pending
For Sale
$399,000
Pending
Standalone brick building suitable for HVAC or similar business.
Property Size1,500 SF
Lot Size0.12 Acres
Days on Market164
Property Features for 118 Lincoln Ave
General Information
- Standard status
- Pending
- Size
- 1,500 SF
- Lot size
- 0.12 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1900
Listing Agency
RE/MAX TOWN & VALLEY II
(973) 598-1008
Listed by
MICHAEL WETZEL
Source
Corcoran
Added: Feb 6 Checked: Jul 20 at 4:12 am
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 RE/MAX TOWN & VALLEY II
Investment Insights
Based on property information with market context.
This is a unique standalone brick building currently zoned for HVAC with sheet metal fabrication. The property features paved off-street parking and a fenced area suitable for dumpsters. A ground-level loading door provides access to the interior, which includes high ceilings, a small office, and one-half bath. The building is equipped with natural gas and three-phase electric power. Parking is available for six vehicles on a private paved driveway, with additional street parking. This property presents an opportunity for an HVAC company or a similar type of business to expand its operations and utilize existing sheet metal equipment. The building has a property size of 1500 square feet.
Key Highlights
- Standalone brick building with HVAC zoning and existing sheet metal fabrication equipment
- Paved off‑street parking with fenced dumpster area and ground‑level loading door
- High ceilings and three‑phase electric power
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.6k | $17.04 |
| − Vacancy | −$1.5k | −$1.01 |
| EGI | $24.1k | $16.03 |
| − OpEx | −$7.2k | −$4.81 |
| NOI | $16.8k | $11.22 |
1,500 SF · lease $17.04/SF/yr · vacancy 5.90% · expense 30.00%
Alternative Uses
Best Use
Industrial
$240.5K
$210.5K – $280.6K
NOI $16,836 @ 7.0% cap · market cap 4.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$391.7K
$342.7K – $457.0K
NOI $27,418 @ 7.0% cap · market cap 6.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
New Standard Printing ...
Marketing & Advertising
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FAQs
What type of property is this?
Manufacturing property - Standalone brick building suitable for HVAC or similar business.
Where is this manufacturing property located?
The property is located at 118 Lincoln Ave Dover, NJ.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Standalone brick building with HVAC zoning and existing sheet metal fabrication equipment; Paved off‑street parking with fenced dumpster area and ground‑level loading door; High ceilings and three‑phase electric power
