109 Ethel Ave Hawthorne, NJ 07506
- Warehouses
- 15,000 SF
Current Use by Public Records
- Warehouses
Property Details for 109 Ethel Ave
- Year built
- 1988
- Property size
- 15,000 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional 15,000-square-foot industrial property, located at 109 Ethel Ave in Hawthorne, New Jersey (zip code 07506), presents a compelling investment opportunity. The building, constructed in 1988 and zoned for industrial use, offers a blend of manufacturing and warehouse space, ideal for owner-occupiers. The asking price is $1,700,000, representing a highly attractive $11 per square foot. The property boasts a strong net operating income (NOI) of $153,000, translating to a 9.00% capitalization rate. Features include a single tenancy, 12 parking spaces, and one loading dock. The ceiling height ranges from 12 to 20 feet, providing ample vertical space for various operational needs. This Class C building is privately owned and offers 15,000 square feet of net rentable space. Its location in Passaic County, New Jersey, provides convenient access to major transportation routes. This is a rare opportunity to acquire a well-located, income-producing industrial property with significant upside potential. The property is ready for immediate occupancy.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hawthorne
- County
- Passaic
- State
- New Jersey
- Longitude
- -74.1524
- Latitude
- 40.9648
