Property profile

111 State St Hackensack, NJ 07601

OFF-MARKET
Land
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Property summary

AI-generated overview

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 profile

Verified
Property type Land

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

111 State St Hackensack, NJ 07601
Hackensack metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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