1601 Pennsylvania Ave Linden, NJ 07036-1761

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.