646-652 1St Ave Roselle, NJ 07203
- Warehouses
- 25,574 SF
- 1.75 lot acres
Current Use by Public Records
- Warehouses
Property Details for 646-652 1St Ave
- Lot size
- 1.75 lot acres
- Property size
- 25,574 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional investment opportunity presents a multi-tenant industrial portfolio comprising seven buildings totaling 25,574 square feet of net rentable space situated on a 1.75-acre lot in Roselle, New Jersey. The property, zoned Industrial (I), boasts a strong net operating income (NOI) of $625,520. The portfolio includes a thriving self-service car wash business, adding significant value to the offering. All seven buildings are currently 100% leased to long-term tenants, ensuring a stable and predictable income stream. The property's strategic location offers easy access to major transportation arteries, including close proximity to the Garden State Parkway, less than two miles from Route 9, and less than five miles from the Route 287/I-95 interchange. Newark Liberty International Airport is approximately 12 miles away. The asking price is $7,000,000, with $6,000,000 allocated to the real estate and $1,000,000 for the car wash business. 2021 property taxes were $68,440.01. This is a rare opportunity to acquire a well-established, high-performing industrial portfolio with significant upside potential. The property is located at 646-652 1st Ave, Roselle, NJ 07203 (Block 6001, Lot 1).
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Roselle
- County
- Union
- State
- New Jersey
- Longitude
- -74.2826
- Latitude
- 40.6579
