294-298 State St Hackensack, NJ 07601
Property Lookup
Property profile & analytics
294-298 State St Hackensack, NJ 07601
- Commercial real estate
- 9,836 SF
- 0.39 lot acres
Property ID
US59-1669025
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Commercial real estate
Property Details for 294-298 State St
- Year built
- 1945
- Construction
- BRICK
- Lot size
- 0.39 lot acres
- Property size
- 9,836 SF
- Property type
- Commercial real estate
- APN
- 23 00315-0000-00015
- APU
- 2300315000000015
Description
This exceptional commercial property, located at 294-298 State Street in the vibrant city of Hackensack, New Jersey, presents a compelling investment opportunity. Priced at $2,500,000, this property offers significant potential for a variety of commercial uses. While the precise square footage is not currently available, the property's strategic location on State Street ensures high visibility and accessibility. The property sits on a lot with zero acres, indicating a compact and potentially easily managed footprint. The property type is classified as "Other," suggesting flexibility in its potential applications. Given its prime location in Hackensack, a bustling city with a strong commercial presence, this property is well-positioned to benefit from the area's economic activity and growth. Further due diligence is recommended to fully assess the property's potential and suitability for specific commercial ventures. Interested parties are encouraged to conduct thorough inspections and research to determine the optimal use and development strategy for this promising investment. The absence of specified square footage necessitates a site visit to accurately assess the property's dimensions and layout. This property represents a unique opportunity to acquire a strategically located commercial asset in a thriving New Jersey market. Serious inquiries only.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,285,000
- 6.5%
- $2,110,000
- 7%
- $1,960,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,410,000
- AI Estimate
- $1,336,000
Market price range: $1.65M - $2.93MMarket price range: $659k - $1.76M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $2,150,000 Current use
- APARTMENT HOUSE (5+ UNITS)
- $3,230,000 Change: +50% Conversion: Moderate
- OFFICE BUILDING
- $2,375,000 Change: +10% Conversion: Easy
- INDUSTRIAL (GENERAL)
- $2,030,000 Change: -6% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Hackensack
- County
- Bergen
- State
- New Jersey
- Longitude
- -74.0424
- Latitude
- 40.8876
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$65,051
$715,000
$1,713,700
$2,428,700
-
$715,000
$1,713,700
$2,428,700
