721 E Lincoln Ave, Rahway, NJ 07065
- Commercial real estate
- 24,624 SF
- 0.96 lot acres
Current Use by Public Records
- Indian Groceries & Spices Inc / Big Box & Wholesale Store / Food Market
Property Details for 721 E Lincoln Ave
- Year built
- 1971
- Lot size
- 0.96 lot acres
- Property type
- Commercial real estate
- APN
- 13 00389-0000-00031
- APU
- 1300389000000031
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Nov 7, 2025 | — | Garwood Real Estate LLC | — | Deed · related | — |
| Mar 13, 2024 | $6,200,000 | Garwood Real Estate LLC | Shipre LLC | Deed | $4.3M · Vast Bank NA |
| Feb 28, 2017 | — | Shipre LLC | — | Deed · related | $1.6M · Mb Fin'l Bk |
| Aug 2, 2006 | $10 | Shipre LLC | Sanghavi,shirish N | Quit Claim Deed | $1.1M · State Bank Of India |
| — | — | Shipre LLC | — | Deed Of Trust · related | $150k · Mutual Bank |
| — | — | Shipre LLC | — | Deed Of Trust · related | $1.1M · Mutual Bank |
| — | — | Shipre LLC | — | Deed Of Trust · related | $1.6M · Mb Fin'l Bk |
Description
This exceptional 25,118-square-foot industrial warehouse in Rahway, Union County, presents a unique opportunity for immediate occupancy. The single-tenant building sits on a one-acre lot and boasts a generous 18-foot ceiling height, providing ample storage and operational flexibility. Two loading docks and one drive-in door ensure efficient loading and unloading of goods. The property includes 25 total parking spaces for employees and visitors. The warehouse is equipped with 400 amps of power, sufficient for most industrial operations. Its strategic location offers easy access to a large local workforce, placing your business within reach of a skilled and readily available talent pool. Furthermore, its proximity to Newark Liberty International Airport and the Elizabeth/Newark Ports provides unparalleled logistical advantages for businesses involved in import/export or requiring convenient air travel access. This property is ideal for a variety of industrial uses, offering a combination of size, functionality, and location that is rarely found. The building's single-tenant status ensures complete control and operational independence. This is a rare opportunity to secure a substantial, well-equipped industrial space in a highly desirable location. Don't miss out on this chance to establish or expand your business in a prime industrial setting.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $6,200,000
- ML approach
- $6,200,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $5,415,000
- 6.5%
- $5,000,000
- 7%
- $4,645,000
-
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $4,590,000 Current use
- OFFICE BUILDING
- $5,015,000 Change: +9% Conversion: Easy
- INDUSTRIAL (GENERAL)
- $4,260,000 Change: -7% Conversion: Moderate
- RESTAURANT
- $3,925,000 Change: -14% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Rahway
- County
- Union
- State
- New Jersey
- Longitude
- -74.2577
- Latitude
- 40.6083
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
