700 Grand Ave Hackettstown, NJ 07840
- Industrial properties
- 20,946 SF
- 4.20 lot acres
Current Use by Public Records
- Hoff's Automotive Inc / Auto Repair Shop / Brake Shop
- P-nuff Crunch / Food Manufacturer / Service Establishment
- French & Parrello Associates / Engineering Consultant
- Hackettstown Flooring & Tile Installer / Flooring Contractor / Contractor
- Liquid Metalworks / Metal Fabricator / Powder Coating Service
Property Details for 700 Grand Ave
- Year built
- 1930
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 4.20 lot acres
- Property size
- 20,946 SF
- Zone code
- LM
- Property type
- Industrial properties
- APN
- 08 00108-0000-00001
- APU
- 800108000000001
Description
This exceptional investment opportunity presents a fully renovated, 39,000-square-foot, 12-unit industrial flex park situated on a 4.2-acre lot in Hackettstown, New Jersey. The property, built in 1900 and extensively renovated in 2023, comprises three buildings and offers a mix of unit sizes ranging from approximately 1,350 to 5,500 square feet. Eleven ground-floor units feature independent drive-in or tailgate loading, while a single, larger (approximately 5,500 square feet) second-floor unit is accessible via elevator. Each unit boasts newly installed HVAC systems, new roofs, energy-efficient insulated ceilings, updated office and restroom spaces, and a utility sink in the warehouse area. Electrical service has been upgraded with new breaker panels and wiring, with separate metering for each tenant (200 Amps @ 240V in buildings 1 & 2, 200 Amps @ 208V in building 3). Water, sewer, and gas utilities have also been substantially upgraded and are separately metered. The property features 11 loading docks and one dock-high door, with a 14-foot ceiling height. Ample parking is provided with 71 newly installed spaces. Exterior improvements include a new brick façade, landscaping, pedestrian walkways, and covered entries. The property is zoned for industrial use, allowing for warehousing, manufacturing, R&D, office, and other permitted uses. This Class A, multi-tenant property is offered as a 1031 exchange opportunity and features professional triple-net leases, minimizing management and maintenance costs.
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
- Hackettstown
- County
- Warren
- State
- New Jersey
- Longitude
- -74.8388
- Latitude
- 40.847
- CBSA code
- 10900
- CBSA name
- ALLENTOWN-BETHLEHEM-EASTON, PA-NJ METROPOLITAN STATISTICAL AREA
