Highland Park Industrial Property

314 Cleveland Ave, Highland Park, NJ 08904

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For Sale

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Industrial property available for sale in Highland Park, NJ.

Type:Office, Retail

Property size:

5,000 SF

Price / SF:

$170/SF

HighLights

Historic Charm: Built in 1925, offering unique character and architectural details.
Established Neighborhood: Benefit from a mature and potentially desirable location.
Potential for Customization: Opportunity to update and personalize a property with vintage character.
Solid Construction: A home built in 1925 suggests durable construction methods.
Investment Opportunity: Potential for appreciation in a sought‑after area.
Unique Property: Stand out from newer, cookie‑cutter homes with a property from 1925.

We can help!

Contact an agent

Alex Dombrowski

For Sale

Contact for pricing

Industrial property available for sale in Highland Park, NJ.

Type:Office, Retail

Property size:

5,000 SF

Price / SF:

$170/SF

Added:: Jul 19, 2024
Days on Market:: 712
Last Refresh:: May 13 at 8:12 pm

Property Features for 314 Cleveland Ave

General Information

Standard status: Active
Size: 5,000 SF
Property subtype: Office, Retail

Building Details

Year Built: 1925

We can help!

Contact an agent

Alex Dombrowski

Listing office The Blau & Berg Company

Listing date Jul 19, 2024

Source Crexi

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

Historic Charm: Built in 1925, offering unique character and architectural details.
Established Neighborhood: Benefit from a mature and potentially desirable location.
Potential for Customization: Opportunity to update and personalize a property with vintage character.
Solid Construction: A home built in 1925 suggests durable construction methods.
Investment Opportunity: Potential for appreciation in a sought‑after area.
Unique Property: Stand out from newer, cookie‑cutter homes with a property from 1925.

Overview

An industrial property with 5,000 square feet of space is available for sale. The property is located on Cleveland Ave in Highland Park, New Jersey.

Local Financial Insights For Industrial

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$85.2k	$17.04
− Vacancy	−$5.0k	−$1.01
EGI	$80.2k	$16.03
− OpEx	−$24.1k	−$4.81
NOI	$56.1k	$11.22

5,000 SF · lease $17.04/SF/yr · vacancy 5.90% · expense 30.00%

Alternative Uses

Best Use

Industrial

$801.7K

$701.5K – $935.4K (±1% cap)

NOI $56,121 @ 7.0% cap · market cap 6.60%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.31M

$1.14M – $1.52M (±1% cap)

NOI $91,392 @ 7.0% cap · market cap 10.75%

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

Property Profile Location Intelligence

Current Use by Public Records

Industrial properties

Suggested Use

Location Insight

Map
Local Demand

City: Highland Park
County: Middlesex
State: New Jersey
Longitude: -74.4324774
Latitude: 40.5052878

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For sale
Industrial properties
NJ
Highland Park
08904
314 Cleveland Ave

What type of property is this?

Industrial property - Industrial property available for sale in Highland Park, NJ.

Where is this industrial property located?

The property is located at 314 Cleveland Ave Highland Park, NJ.

What is the asking price?

The asking price for this property is $850,000.

What are key features of this property?

This property features: Historic Charm: Built in 1925, offering unique character and architectural details.; Established Neighborhood: Benefit from a mature and potentially desirable location.; Potential for Customization: Opportunity to update and personalize a property with vintage character.