8 Halstead Ave Wallington, NJ 07057
For Sale
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This exceptional commercial property, located at 8 Halstead Avenue in Wallington, New Jersey, presents a compelling investment opportunity. Priced at $899,000, the property is classified as "Other," indicating a versatile use potential. The precise square footage is not currently available, however, the lot size is listed as zero acres, suggesting the property may be a building or a smaller lot. Its location in Wallington offers access to a range of local amenities and services, making it an attractive proposition for a variety of commercial ventures. The absence of specified square footage necessitates further due diligence to determine the exact size and layout of the property. Interested parties are encouraged to conduct a thorough site visit and independent assessment to fully understand the property's potential and suitability for their intended use. Given the "Other" property type classification, potential uses are broad and require further investigation. The asking price reflects the current market conditions and the property's unique characteristics. This is a chance to acquire a commercial property in a desirable location with significant potential for future growth and return on investment. Further information regarding zoning regulations and permitted uses should be obtained from the relevant municipal authorities. Serious inquiries are welcome and encouraged to explore this exciting opportunity. All information provided is deemed reliable but not guaranteed and should be independently verified.
Regulations applicable to LI-C Light Industrial - Commercial Zone. Within the LI-C Light Industrial - Commercial Zone, no premises, lot, building or structure shall be used and no building or structure shall be erected or altered to be used, in whole or in part, for any other use except light industrial-commercial uses. No light industrial-commercial use sha…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
LI · Wallington, NJRegulations applicable to LI-C Light Industrial - Commercial Zone. Within the LI-C Light Industrial - Commercial Zone, no premises, lot, building or structure shall be used and no building or structure shall be erected or altered to be used, in whole or in part, for any other use except light industrial-commercial uses. No light industrial-commercial use shall be permitted unless the following standards are met: A. Uses permitted in the LI-C Zone shall be only those which are normally such that at no time will such use cause or result in any: (1) Dissemination of dust, smoke, smog, obnoxious gas, fumes or odors or other atmospheric pollution, noise or vibration beyond the boundaries of the premises on which it is located. (2) Hazard of fire or explosion or other physical hazard to any adjacent building or to any plant growth on any land adjacent to the site of the use. (3) Hauling of materials, goods or products to or from the site of such use in a volume or manner materially incongruous with the normal traffic on the streets in the neighborhood. B. No burning of materials in open fires shall be permitted. C. No discharge into any disposal system or stream or into the ground of any materials of such nature or temperature as can contaminate any water supply, damage any pipe or conduit or cause the emission of any discernible odor shall be permitted. D. Loading and unloading facilities on the same lot with the principal building shall be provided to meet estimated normal demand for such facilities incidental to respective industrial uses. Said area shall not be located in the required front yard space and shall not be less than 10 feet from any street or lot line. E. No storage of any kind is permitted in the LI-C Zone other than within a roofed building so as to obscure said storage from view along any road or from any residential or business zone.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
