451 Communipaw AveJersey City, NJ 07304
Value-add flex warehouse opportunity.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 116
Highlights
- Exceptional value-add opportunity: Two three-story industrial buildings totaling 29,951 square feet on a 12,715 square foot lot in Jersey City, NJ.
- Prime location on a major east-west corridor in a rapidly growing neighborhood.
- Currently 28% occupied, with a pro-forma NOI of $339,160 and a 7.89% pro-forma cap rate. Asking price: $4,300,000 ($143.57/SF).
- Main building (29,151 SF) features one loading dock and one freight elevator; includes established restaurant tenant.
- Zoned under the Morris Canal Redevelopment Plan; built in 1929 and includes the Lafayette smoke stack. Triple net (NNN) leases.
Property Details for 451 Communipaw Ave
- Property type
- Warehouses, Industrial properties
- Square Feet
- 29,951 SF
- Class
- C
- Year Built
- 1929
- Buildings
- 2
- Stories
- 3
Location Insight
- City
- Jersey City
- County
- Hudson
- State
- New Jersey
- Latitude
- 40.714258322022
- Longitude
- -74.066551344717
Nearby Similar for Sale
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