Property profile

360 Florence Ave Hillside, NJ 07205

OFF-MARKET
Industrial properties
Property ID
US59-1363160
9,800 SF 4.81 ac lot Built 1966
Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

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

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1966
Construction CONCRETE BLOCKS
Total area 9,800 SF
Lot 4.81 ac (209,524 SF)
Zoning code LI
APN 07 00604-0000-00027
UPID US59-1363160

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

360 Florence Ave Hillside, NJ 07205
Hillside metro Census 32300 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.69M
Comparable Approach Comparable
by Request
Blend (final) Blend
$545k

Owner & transaction history

since 2017
7 recorded transactions
2019
Price N/A
2019
Price N/A
2017
Price N/A
2017
$1.4M
2008
Price N/A
2007
$6.0M
1969
Price N/A

Zoning & alternative use

LI · Hillside, NJ
Zoning description

(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…

General category INDUSTRIAL
Top alternative use upside
Office building $2.0M +17.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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