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    700 Grand Ave Hackettstown, NJ 07840

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    For Sale
    Contact for pricing

    12-Unit Flex Space, Fully Renovated

    Property size:
    39,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a fully renovated, 39,000-square-foot, 12-unit industrial flex park situated on a 4.2-acre lot in Hackettstown, New Jersey. The property, built in 1900 and extensively renovated in 2023, comprises three buildings and offers a mix of unit sizes ranging from approximately 1,350 to 5,500 square feet. Eleven ground-floor units feature independent drive-in or tailgate loading, while a single, larger (approximately 5,500 square feet) second-floor unit is accessible via elevator. Each unit boasts newly installed HVAC systems, new roofs, energy-efficient insulated ceilings, updated office and restroom spaces, and a utility sink in the warehouse area. Electrical service has been upgraded with new breaker panels and wiring, with separate metering for each tenant (200 Amps @ 240V in buildings 1 & 2, 200 Amps @ 208V in building 3). Water, sewer, and gas utilities have also been substantially upgraded and are separately metered. The property features 11 loading docks and one dock-high door, with a 14-foot ceiling height. Ample parking is provided with 71 newly installed spaces. Exterior improvements include a new brick façade, landscaping, pedestrian walkways, and covered entries. The property is zoned for industrial use, allowing for warehousing, manufacturing, R&D, office, and other permitted uses. This Class A, multi-tenant property is offered as a 1031 exchange opportunity and features professional triple-net leases, minimizing management and maintenance costs.

    Property Features for 700 Grand Ave

    General Information

    Property type
    Life science properties
    Square Feet
    39,000 SF
    Class
    A
    Lot Size
    182,952 SF

    Building Details

    Year Built/Renovated
    1900/2023
    Buildings
    3
    Units
    12

    HighLights

    • Triple‑net leased to multiple tenants.
    • Low operating expenses and minimal landlord responsibilities.
    • Modern building systems with warranties.
    • High occupancy with diversified income streams from smaller units.
    • Flexible zoning allows for various uses including warehousing, manufacturing, R&D, office, and recreation.
    • Located in a business‑friendly municipality.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hoff's Automotive Inc Car Inspection Station P-nuff Crunch Food Manufacturer French & Parrello Associates Engineering Consultant Hackettstown Flooring & Tile ... Flooring Contractor Liquid Metalworks Laser Cutting Service

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Hackettstown
    County
    Warren
    State
    New Jersey
    Longitude
    -74.8385364
    Latitude
    40.8474322

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    FAQs

    What type of property is this?
    Life science property - 12-Unit Flex Space, Fully Renovated
    Where is this life science property located?
    The property is located at 700 Grand Ave Hackettstown, NJ.
    What are key features of this property?
    This property features: Triple-net leased to multiple tenants.; Low operating expenses and minimal landlord responsibilities.; Modern building systems with warranties.
    Request Owner's contact information
    700 Grand Ave Hackettstown, NJ 07840
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    700 Grand Ave Hackettstown, NJ 07840
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