265 Pennsylvania Ave Hillside, NJ 07205
- Industrial properties
- 17,108 SF
- 0.72 lot acres
Current Use by Public Records
- Industrial properties
Property Details for 265 Pennsylvania Ave
- Year built
- 1946
- Construction
- BRICK
- Lot size
- 0.72 lot acres
- Property size
- 17,108 SF
- Zone code
- LI
- Property type
- Industrial properties
- APN
- 07 01209-0000-00023
- APU
- 701209000000023
Description
This exceptional 20,000 square foot industrial warehouse, situated on a 0.73-acre lot in Hillside, New Jersey, presents a unique investment opportunity. The property boasts a prime location at 265 Pennsylvania Avenue, 07205, offering convenient access to major transportation routes. The warehouse features four drive-in bays, each with ample room for tailgate loading and unloading, ensuring efficient operations. In addition to the expansive warehouse space, the property includes approximately 1,500 square feet of office space, providing ample room for administrative functions. The warehouse features impressive 16-foot ceilings, maximizing storage capacity and providing ample headroom for various industrial equipment. Radiant heating throughout the warehouse ensures a comfortable working environment year-round. A significant advantage of this property is the inclusion of five functioning cranes, ranging in capacity from 2 to 5 tons, ideal for handling heavy materials and streamlining operations. This versatile property is well-suited for a variety of manufacturing and industrial uses, offering a combination of space, functionality, and crucial equipment. The property is classified as a manufacturing facility within Union County. All inquiries must include a telephone number, company name, and email address.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,770,000
- ML approach
- $3,655,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,200,000
- 6.5%
- $2,955,000
- 7%
- $2,745,000
-
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $2,960,000 Current use
- COMMERCIAL (GENERAL)
- $4,835,000 Change: +63% Conversion: Difficult
- OFFICE BUILDING
- $3,485,000 Change: +18% Conversion: Difficult
- RESTAURANT
- $2,725,000 Change: -8% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Hillside
- County
- Union
- State
- New Jersey
- Longitude
- -74.2247
- Latitude
- 40.6926
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
