109 Ethel AveHawthorne, NJ 07506

Property Details for 109 Ethel Ave

Year built

1988

Property size (Sq ft)

15,000 SF

Property type

Industrial properties

Property subtype

Other warehouses

Description

This exceptional 15,000-square-foot industrial property, located at 109 Ethel Ave in Hawthorne, New Jersey (zip code 07506), presents a compelling investment opportunity. The building, constructed in 1988 and zoned for industrial use, offers a blend of manufacturing and warehouse space, ideal for owner-occupiers. The asking price is $1,700,000, representing a highly attractive $11 per square foot. The property boasts a strong net operating income (NOI) of $153,000, translating to a 9.00% capitalization rate. Features include a single tenancy, 12 parking spaces, and one loading dock. The ceiling height ranges from 12 to 20 feet, providing ample vertical space for various operational needs. This Class C building is privately owned and offers 15,000 square feet of net rentable space. Its location in Passaic County, New Jersey, provides convenient access to major transportation routes. This is a rare opportunity to acquire a well-located, income-producing industrial property with significant upside potential. The property is ready for immediate occupancy.

Location Insight

City

Hawthorne

County

Passaic

State

New Jersey

Latitude

40.9648

Longitude

-74.1524

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