700 Grand Ave Hackettstown, NJ 07840
Property profile & analytics
700 Grand Ave Hackettstown, NJ 07840
- Industrial properties
- 20,946 SF
- 4.20 lot acres
Property ID
US59-1603552
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
- Hoff's Automotive Inc / Vehicle Inspection Center
- P-nuff Crunch / Food Processing Plant / Factory
- French & Parrello Associates / Engineering Consultant
- Hackettstown Flooring & Tile Installer / General Contractor / Renovation Specialist
- Liquid Metalworks / Production Facility
Property Details for 700 Grand Ave
- Year built
- 1930
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 4.20 lot acres
- Property size
- 20,946 SF
- Zone code
- LM
- Property type
- Industrial properties
- APN
- 08 00108-0000-00001
- APU
- 800108000000001
Description
This exceptional investment opportunity presents a fully renovated, 39,000-square-foot, 12-unit industrial flex park situated on a 4.2-acre lot in Hackettstown, New Jersey. The property, built in 1900 and extensively renovated in 2023, comprises three buildings and offers a mix of unit sizes ranging from approximately 1,350 to 5,500 square feet. Eleven ground-floor units feature independent drive-in or tailgate loading, while a single, larger (approximately 5,500 square feet) second-floor unit is accessible via elevator. Each unit boasts newly installed HVAC systems, new roofs, energy-efficient insulated ceilings, updated office and restroom spaces, and a utility sink in the warehouse area. Electrical service has been upgraded with new breaker panels and wiring, with separate metering for each tenant (200 Amps @ 240V in buildings 1 & 2, 200 Amps @ 208V in building 3). Water, sewer, and gas utilities have also been substantially upgraded and are separately metered. The property features 11 loading docks and one dock-high door, with a 14-foot ceiling height. Ample parking is provided with 71 newly installed spaces. Exterior improvements include a new brick façade, landscaping, pedestrian walkways, and covered entries. The property is zoned for industrial use, allowing for warehousing, manufacturing, R&D, office, and other permitted uses. This Class A, multi-tenant property is offered as a 1031 exchange opportunity and features professional triple-net leases, minimizing management and maintenance costs.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,015,000
- ML approach
- $1,150,000
-
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $1,610,000 Current use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Hackettstown
- County
- Warren
- State
- New Jersey
- Longitude
- -74.8388
- Latitude
- 40.847
- CBSA code
- 10900
- CBSA name
- ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 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
$43,555
$525,000
$809,400
$1,334,400
-
$525,000
$809,400
$1,334,400
