4 7th St Frenchtown, NJ 08825-1146
- Industrial properties
- 0.62 lot acres
Current Use by Public Records
- Architectural Woodworking / Furniture Maker / Millwork Shop
- NJAWI / Association Or Organization
Property Details for 4 7th St
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.62 lot acres
- Zone code
- R-2
- Property type
- Industrial properties
- APN
- 11 00018-0000-00001
- APU
- 1100018000000001
Description
This exceptional 10,650-square-foot industrial property in Frenchtown, New Jersey, is offered at $1,100,000. Situated on a 0.62-acre lot at 4 Seventh Street, 08825, this property features two units totaling 10,650 square feet. One unit offers approximately 2,000 square feet of ground floor space with 16-foot ceilings, while the other encompasses approximately 8,650 square feet with 14-16 foot ceilings, plus an additional 2,000 square feet of second-floor space. The building boasts two loading docks, drive-in capabilities, and the potential to add two more drive-in bays. A significant advantage is the presence of an interior crane located above a potential drive-in bay. The property benefits from city water and sewer, propane heat, and heavy power distribution throughout, reflecting its former use as a carpentry/wood shop. A full sprinkler system ensures safety. Ideal for various uses including fabrication, assembly, light manufacturing, e-commerce, and sports/athletic businesses, this property also serves as an excellent satellite facility for regional service-oriented businesses. Annual property taxes are approximately $13,808.52. The asking price is $1,100,000, with a lease rate of $7.00 per square foot (base rent).
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $325,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $270,000
- 6.5%
- $260,000
- 7%
- $280,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $300,000
- Geo Method
- $260,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $235,000
- Retail
- $260,000
- Mixed-Use
- $285,000
- Hospitality
- $300,000
- Educational
- $270,000
- Residential Income
- $320,000
- Energy
- $280,000
- Income-Based Land
- $290,000
- Food Service
- $300,000
Location Insight
- Map
- Local Demand
- City
- Frenchtown
- County
- Hunterdon
- State
- New Jersey
- Longitude
- -75.0638
- Latitude
- 40.5317
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
