12 River Rd North Arlington, NJ 07031
- Commercial real estate
- 3,260 SF
- 0.25 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 12 River Rd
- Lot size
- 0.25 lot acres
- Property size
- 3,260 SF
- Property type
- Commercial real estate
- APN
- 39 00002-0000-00002
- APU
- 3900002000000002
Description
This exceptional 0.25-acre industrial land parcel, located at 12 River Road in North Arlington, New Jersey, presents a unique investment opportunity. Situated in Bergen County, zip code 07031, this property is zoned C-2, offering a wide range of potential uses. The lot, identified as Block 2, Lot 2, is conveniently located, boasting excellent access to major transportation arteries. It's approximately 3.3 miles from both Interstate 280 and Route 3, providing seamless connectivity for logistics and distribution. Furthermore, the property is approximately 5.5 miles from I-95, Exit 15W, and only 12.8 miles from Newark Liberty International Airport, enhancing its strategic value. The asking price for this prime industrial land is $695,000. Annual property taxes for 2023 were $8,479.16. This presents a compelling opportunity for developers and businesses seeking a strategically located site in a thriving New Jersey market. The property's proximity to major highways and the airport makes it ideal for a variety of industrial uses. Serious inquiries are encouraged to explore the full potential of this exceptional offering.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $335,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $345,000
- 6.5%
- $345,000
- 7%
- $360,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $350,000
- Geo Method
- $295,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $270,000
- Retail
- $275,000
- Mixed-Use
- $345,000
- Hospitality
- $325,000
- Educational
- $375,000
- Residential Income
- $375,000
- Energy
- $305,000
- Income-Based Land
- $270,000
- Food Service
- $320,000
Location Insight
- Map
- Local Demand
- City
- North Arlington
- County
- Bergen
- State
- New Jersey
- Longitude
- -74.1455
- Latitude
- 40.786
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
