Property summary
This exceptional investment opportunity presents a 5-acre mixed-use property located at 360 Florence Ave, Hillside, New Jersey, 07205. The property consists of three buildings situated on a sizable lot, including 1.5 acres of outdoor space. The property is currently leased to a diverse tenant mix, including a national landscaping company (BrightView), Garden State Labs, and Acts 238 Trucking. This multi-tenant property operates under a NNN lease structure, offering a stable and predictable income stream. One unit within the office building is currently vacant, presenting an immediate opportunity for increased revenue generation. This 4900 square foot space offers significant potential for lease income. The property's strategic location in Union County, New Jersey, provides excellent access to major transportation routes and a thriving business community. The asking price for this exceptional commercial property is $10,000,000. This represents a compelling investment opportunity for those seeking a stable, multi-tenant property with significant upside potential. The property's size, tenant diversity, and prime location make it an ideal addition to any commercial real estate portfolio. Contact us today to learn more about this unique opportunity.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
(10) LI District. Permitted uses in this district shall be as follows: [Amended 9-3-1991 by Ord. No. G-310-91] (a) Warehousing, shipping offices, distribution centers and storage yards, except lumber yards, coal yards an…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
LI · Hillside, NJ(10) LI District. Permitted uses in this district shall be as follows: [Amended 9-3-1991 by Ord. No. G-310-91] (a) Warehousing, shipping offices, distribution centers and storage yards, except lumber yards, coal yards an…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
(10) LI District. Permitted uses in this district shall be as follows: [Amended 9-3-1991 by Ord. No. G-310-91] (a) Warehousing, shipping offices, distribution centers and storage yards, except lumber yards, coal yards an…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for LI in Hillside, NJ.
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