646-652 1St AveRoselle, NJ 07203

Property Details for 646-652 1St Ave

Lot size

1.75 AC

Property size (Sq ft)

25,574 SF

Property type

Retail properties

Property subtype

Other warehouses

Description

This exceptional investment opportunity presents a multi-tenant industrial portfolio comprising seven buildings totaling 25,574 square feet of net rentable space situated on a 1.75-acre lot in Roselle, New Jersey. The property, zoned Industrial (I), boasts a strong net operating income (NOI) of $625,520. The portfolio includes a thriving self-service car wash business, adding significant value to the offering. All seven buildings are currently 100% leased to long-term tenants, ensuring a stable and predictable income stream. The property's strategic location offers easy access to major transportation arteries, including close proximity to the Garden State Parkway, less than two miles from Route 9, and less than five miles from the Route 287/I-95 interchange. Newark Liberty International Airport is approximately 12 miles away. The asking price is $7,000,000, with $6,000,000 allocated to the real estate and $1,000,000 for the car wash business. 2021 property taxes were $68,440.01. This is a rare opportunity to acquire a well-established, high-performing industrial portfolio with significant upside potential. The property is located at 646-652 1st Ave, Roselle, NJ 07203 (Block 6001, Lot 1).

Location Insight

City

Roselle

County

Union

State

New Jersey

Latitude

40.6579

Longitude

-74.2826

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