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    OFF-MARKET
    Industrial properties

    1745 Elizabeth Ave, Rahway, NJ 07065-4532

    0.46 ac lot Built 1981
    Entity Owned 10-yr Hold ~ Est. High Equity
    Property ID
    US59-0532984
    Property summary
    AI-generated overview

    This exceptional 23,500-square-foot single-tenant warehouse in Rahway, New Jersey, presents a compelling investment opportunity. Located in Union County at 1745 Elizabeth Avenue, zip code 07065, this industrial property boasts a newly installed roof (September 2023), ensuring long-term durability and reliability. The building features heavy power throughout, making it perfectly suited for various industrial applications. Climate control is provided by five to six air conditioning units, maintaining a comfortable working environment year-round. Efficient logistics are facilitated by three loading docks. The warehouse space offers a generous 23-foot clear height, providing ample vertical storage capacity. Previously used as a metal manufacturing plant for Snapple caps, this versatile building demonstrates its adaptability to a wide range of industrial uses. Its strategic location offers unparalleled access to major transportation arteries. It's conveniently situated 9.2 miles (18-minute drive) from Newark Liberty International Airport, 14.2 miles (24-minute drive) from Port Newark Container Terminal, 17.5 miles (26-minute drive) from Jersey City, 19.3 miles (30-minute drive) from the Holland Tunnel, and 21.2 miles (35-minute drive) from the Lincoln Tunnel. Furthermore, the property enjoys easy access to major highways, including Interstates 95 and 287, and Routes 9 and 27, ensuring seamless connectivity for business operations. This prime location in Central New Jersey makes this well-equipped industrial warehouse an outstanding opportunity for businesses seeking a strategically located and functional facility.

    Property profile
    Verified
    Property type Industrial properties
    Use group INDUSTRIAL (GENERAL)
    Year built 1981
    Lot 0.46 ac (20,160 SF)
    APN 13 00160-0000-00014
    UPID US59-0532984
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Classic Confections Enterprises Inc. Department Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Classic Elizabeth LLC · 10 yrs held
    Classic Elizabeth LLC
    since 2015
    6 recorded transactions
    2015
    $2.0M
    1999
    1999
    $1.3M
    1996
    $620,000
    1995
    $1.1M
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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