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    FOR SALE
    Industrial properties

    265 Pennsylvania Ave, Hillside, NJ 07205

    17,108 SF 0.72 ac lot Built 1946
    Entity Owned 5-yr Hold Free & Clear
    Property ID
    US59-0088786
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Industrial properties
    Use group INDUSTRIAL (GENERAL)
    Year built 1946
    Construction BRICK
    Total area 17,108 SF
    Lot 0.72 ac (31,363 SF)
    Zoning code LI
    APN 07 01209-0000-00023
    UPID US59-0088786
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $2.96M
    Comparable Approach Comparable
    $2.19M
    Blend (final) Blend
    $2.54M
    Owner & transaction history
    Beatriz Realty LLC · 5 yrs held
    Beatriz Realty LLC
    since 2020
    Last sale
    $2.5M
    5 recorded transactions
    2020
    $2.5M
    2006
    $1.5M
    2005
    2005
    $875,000
    1991
    $555,000
    Zoning & alternative use
    LI · Hillside, NJ
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Office building $3.5M +17.7%
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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