69 5th Ave Hawthorne, NJ 07506-2139
- Industrial properties
- 0.80 lot acres
Current Use by Public Records
- Industrial properties
Property Details for 69 5th Ave
- Year built
- 1948
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.80 lot acres
- Property type
- Industrial properties
- APN
- 04 00197-0000-00004
- APU
- 400197000000004
Description
This exceptional 25,000-square-foot industrial property in Hawthorne, NJ, offers a unique opportunity for businesses seeking versatile manufacturing or warehouse space. Located at 69 5th Ave, this single-story, Class B building boasts 14-foot ceilings, providing ample vertical storage capacity. Built in 1988 and renovated in 2020, the property features a total of two suites, with the entire 25,000 square feet currently vacant and immediately available for lease. The building's efficient layout includes convenient access with four drive-in doors and one loading dock, easily accommodating 53-foot trailers. Robust 3-phase electric power ensures operational efficiency. The property sits on a 0.34-acre lot with a building floor area ratio (FAR) of 1.69. Annual property taxes are $2.28 per square foot. This well-maintained space presents a compelling opportunity for businesses seeking a functional and strategically located industrial facility. The property's features make it ideal for a variety of manufacturing and warehousing operations. The combination of ample space, modern upgrades, and convenient loading capabilities makes this a highly desirable location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,380,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,845,000
- 6.5%
- $1,640,000
- 7%
- $1,760,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,720,000
- Geo Method
- $1,625,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,785,000
- Retail
- $1,880,000
- Mixed-Use
- $2,050,000
- Hospitality
- $2,070,000
- Educational
- $1,685,000
- Residential Income
- $1,700,000
- Energy
- $1,785,000
- Income-Based Land
- $2,075,000
- Food Service
- $1,905,000
Location Insight
- Map
- Local Demand
- City
- Hawthorne
- County
- Passaic
- State
- New Jersey
- Longitude
- -74.1513
- Latitude
- 40.9584
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA