2365-2369 Waldheim Ave Scotch Plains, NJ 07076
- Warehouses
- 2,500 SF
- 0.13 lot acres
Current Use by Public Records
- Warehouses
Property Details for 2365-2369 Waldheim Ave
- Year built
- 2000
- Lot size
- 0.13 lot acres
- Property size
- 2,500 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional industrial property in Scotch Plains, NJ, presents a unique investment opportunity. Priced at $1,800,000, this offering encompasses two parcels totaling 0.13 acres, featuring a 2,500 square foot, two-story warehouse built in 2000. The main structure includes two 13-foot high dock-high doors, providing ample access for loading and unloading. A significant advantage is the inclusion of a 50x23 foot free-standing garage with a 12-foot overhead door, gas heating, and a front and rear overhead door. This garage also features a small office space. The property is zoned for commercial use and benefits from an excellent conforming industrial yard capable of accommodating ten or more trucks. Adding to the investment potential is a well-maintained, two-bedroom apartment situated above the garage, currently leased month-to-month for $1700 per month, with the tenant responsible for all utilities except garbage. The apartment boasts hardwood floors, central air conditioning, and heating. The adjacent lot (2369 Waldheim Ave) offers additional storage or expansion possibilities. This property is a rare find in a highly sought-after location. The combined parcels offer a versatile space ideal for various industrial or commercial uses, enhanced by the income-generating apartment. The property's features, location, and income stream make it an attractive investment opportunity. The 80 square foot office space within the garage adds to the functionality of the property.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Scotch Plains
- County
- Union
- State
- New Jersey
- Longitude
- -74.3793
- Latitude
- 40.6561
