16 Michigan AveKenilworth, NJ 07033

  • Commercial real estate
  • 0.29 AC
For Lease
$16/SF/YR View listing

Property Details for 16 Michigan Ave

Construction
TYPE NOT SPECIFIED
Lot size
0.29 AC
Property type
Commercial real estate
APN
08 00124-0000-00021
APU
800124000000021

Description

This exceptional commercial land parcel, located at 16 Michigan Avenue #10 in Kenilworth, New Jersey, presents a unique investment opportunity. Spanning 1,500 square feet, this single-tenant property is zoned LtCom, offering significant potential for various commercial ventures. The property's address is 16 Michigan Avenue #10, Kenilworth, NJ 07033, with GPS coordinates of 40.6768184 latitude and -74.2859427 longitude. The lot is designated by APN 2139. Given its classification as both land and retail, this property is ideal for developers seeking a prime location in a thriving New Jersey community. The absence of existing buildings or parking spaces allows for complete design flexibility, catering to a wide range of commercial uses. The single-tenant nature of the property ensures streamlined management and potential for long-term lease agreements. This presents a rare chance to acquire a strategically positioned commercial lot in Kenilworth, offering significant upside for the discerning investor. The property's zoning designation, LtCom, should be verified with the relevant authorities to ensure compliance with any intended development plans. Serious inquiries are encouraged to explore the full potential of this remarkable opportunity.

Location Insight

City
Kenilworth
County
Union
State
New Jersey
Latitude
40.6768
Longitude
-74.2859
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$25,403
$275,000
$200,000
$475,000
-
$275,000
$200,000
$475,000

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