246 Pegasus Ave Northvale, NJ 07647-1904
This exceptional industrial warehouse property, located at 246-248 Pegasus Avenue in Northvale, New Jersey, offers 37,000 square feet of versatile space. Situated on a 1.83-acre lot, this single-building property is zoned for light industrial use, making it ideal for a variety of businesses. The warehouse boasts two loading docks for efficient shipping and receiving, and features ceiling heights ranging from 17 to 18 feet, providing ample vertical space for storage or operations. Its convenient location on the New Jersey/New York border offers easy access to major transportation arteries, including Route 9W and the Palisades Interstate Parkway, ensuring seamless logistics and distribution. A significant advantage is the inclusion of a three-year leaseback, providing a guaranteed income stream for the new owner. This presents a compelling opportunity for investors seeking a stable, income-generating asset in a prime location. The property's size, features, and strategic location combine to create a highly attractive investment prospect within the thriving Northvale industrial market in Bergen County, zip code 07647. This is a rare opportunity to acquire a well-maintained, functional warehouse with significant upside potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.