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    111 State St Hackensack, NJ 07601

    Sponsored
    For Lease
    $0.75 SF/Yr

    Prime Vacant Lot, High Traffic Area

    Lot size:
    1,870 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial land parcel, located at 111 South State Street in Hackensack, presents a unique investment opportunity. The property encompasses a sizable 1,870 square foot vacant lot, measuring 22 feet wide by 85 feet deep, offering significant potential for development or redevelopment. Its strategic location ensures high visibility and accessibility, making it ideal for a variety of commercial uses. The asking price is $2,500 per month. Beyond the main lot, the property also includes a valuable amenity: six additional parking spaces located behind the lot, as depicted in the accompanying photographs. These spaces provide ample parking for tenants or customers, a significant advantage in a busy urban setting. The single-tenant occupancy allows for flexibility in lease terms and management. This property is currently vacant, providing immediate opportunity for a new business to establish itself in a thriving commercial district. The combination of prime location, generous lot size, and convenient parking makes this a highly attractive investment prospect. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The property is zoned for commercial use. Further details regarding zoning regulations and development possibilities are available upon request.

    Property Features for 111 State St

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,870 SF

    Unit(s) available at that property

    Space
    Size
    1,870 SF
    Rate per SF
    $0.75

    HighLights

    • 1,870 sq. ft. vacant commercial land lot.
    • Single‑tenant property.
    • $2,500 monthly rent.
    • Includes 6 additional parking spaces.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Dental Office Law Firm Nail Salon Clothing Store Daycare Center Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Hackensack
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.048207487972
    Latitude
    40.875008858787

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    FAQs

    What type of property is this?
    Land - Prime Vacant Lot, High Traffic Area
    Where is this land located?
    The property is located at 111 State St Hackensack, NJ.
    What is the lease rate?
    The lease rate is $0.75 SF/Yr.
    What are key features of this property?
    This property features: 1,870 sq. ft. vacant commercial land lot.; Single-tenant property.; $2,500 monthly rent.
    Request Owner's contact information
    111 State St Hackensack, NJ 07601
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    Hackensack, NJ 07601
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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
    111 State St Hackensack, NJ 07601
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