754 Lexington Ave, Kenilworth, NJ 07033-2063
- Commercial real estate
- 4,258 SF
- 0.14 lot acres
Current Use by Public Records
- Citizens Global Cargo LLC / Logistics Company
- Martin Joe Metu auto ventures / Car Dealership / Shipping Company
Property Details for 754 Lexington Ave
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.14 lot acres
- Property type
- Commercial real estate
- APN
- 08 00161-0000-00007
- APU
- 800161000000007
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| May 19, 2023 | — | Oxonrwo Real Estate LLC | — | Deed · related | $514k · M & T Bank |
| Sep 29, 2022 | $685,000 | Okonkwo Real Estate LLC | 754 Lexington Avenue LLC | Deed | — |
| Apr 12, 2022 | — | Okonkwo Real Estate LLC Nj | — | Deed · related | $402k · Landmark Global Ventures LLC |
| Jul 2, 2014 | $288,000 | 754 Lexington Avenue LLC | Joseph,paul R | Grant Deed | — |
| Feb 10, 2014 | $158,469 | Paul R Joseph | Jtj & Associates LLC | Grant Deed | — |
Description
This exceptional Kenilworth, NJ warehouse at 754B Lexington Ave (07033) offers 12-foot ceilings, a bonus storage room, two office spaces, a full bathroom, and built-in shelving. The heated space is perfect for various uses, including storage, light manufacturing, or distribution. Its strategic location near Route 22, the Garden State Parkway (GSP), and I-78 provides unparalleled access to major transportation arteries, ensuring seamless logistics and distribution. The property is zoned for light industrial use and features a single tenancy. The warehouse is well-maintained and designed to support business growth. This is a highly sought-after location in Union County, offering convenience for both employees and clients. The property's amenities are tailored to operational needs, maximizing efficiency and productivity. This versatile space presents a unique opportunity for businesses seeking a functional and conveniently located warehouse in a prime light industrial area of New Jersey. Don't miss this chance to enhance your business operations in this exceptional property.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $825,000
- ML approach
- $825,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $935,000
- 6.5%
- $865,000
- 7%
- $805,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $751,000
Market price range: $653k - $1.57M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $1,055,000 Current use
- OFFICE BUILDING
- $865,000 Change: -18% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Kenilworth
- County
- Union
- State
- New Jersey
- Longitude
- -74.279
- Latitude
- 40.6692
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
