1601 Pennsylvania Ave Linden, NJ 07036-1761
Property profile & analytics
1601 Pennsylvania Ave, Linden, NJ 07036-1761
- Industrial properties
- 2,916 SF
- 0.19 lot acres
Property ID
US59-1149646
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Industrial properties
Property Details for 1601 Pennsylvania Ave
- Year built
- 1951
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.19 lot acres
- Property type
- Industrial properties
- APN
- 09 00039-0000-00011
- APU
- 900039000000011
Description
This exceptional investment opportunity presents three fully renovated industrial buildings totaling 12,000 square feet on a 0.4-acre lot in Linden, New Jersey. The property, comprised of 1601, 1611, and 1615 Pennsylvania Avenue, offers a unique blend of owner-user potential and income generation. Building 1601, measuring 2,952 square feet, features a 12' x 12' drive-in door, two offices, a waiting area, two ADA-compliant restrooms, a kitchenette with quartz countertops, luxury vinyl plank flooring, new windows, a floor safe, a new Reznor heater, and a new slop sink. It also includes a 5,084 square foot parking lot accommodating 15 cars or 10-12 box trucks/trailers. Buildings 1611 (4,403 sq ft) and 1615 (4,625 sq ft) each boast a 12' x 12' drive-in door, new office areas (15' x 19'), ADA-compliant restrooms, kitchenettes with quartz countertops, new windows and doors, luxury vinyl plank flooring, and updated heating systems. All three buildings underwent complete renovations in 2023. The property is zoned L-I, permitting various uses including manufacturing, warehousing, distribution, and more. Currently, 1611 and 1615 are leased to two tenants under a modified lease with a 3% annual rent bump, generating approximately $180,000 in annual rental income. The lease term is three years, commencing July 15, 2024, and expiring July 14, 2027. The asking price is $3,950,000. This prime location offers easy access to major roadways, airports, and Port Newark. The property is a Class B building, built in 1951.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $620,000
- ML approach
- $580,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $545,000
- 6.5%
- $505,000
- 7%
- $470,000
-
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $595,000 Current use
- COMMERCIAL (GENERAL)
- $650,000 Change: +9% Conversion: Difficult
- OFFICE BUILDING
- $595,000 Change: -0% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Linden
- County
- Union
- State
- New Jersey
- Longitude
- -74.2356
- Latitude
- 40.6456
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$12,998
$108,200
$79,800
$188,000
-
$108,200
$79,800
$188,000
