1601 Pennsylvania AveLinden, NJ 07036
- Industrial properties
- 2,916 SF
Property Details for 1601 Pennsylvania Ave
- Year built
- 1951
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.19 AC
- Property size (Sq ft)
- 2,916 SF
- Property type
- Industrial properties
- Property subtype
- Other industrial properties
- APN
- 09 00039-0000-00011
- APU
- 900039000000011
Description
This exceptional investment opportunity presents three fully renovated industrial buildings totaling 12,000 square feet on a 0.4-acre lot in Linden, New Jersey. The property, comprised of 1601, 1611, and 1615 Pennsylvania Avenue, offers a unique blend of owner-user potential and income generation. Building 1601, measuring 2,952 square feet, features a 12' x 12' drive-in door, two offices, a waiting area, two ADA-compliant restrooms, a kitchenette with quartz countertops, luxury vinyl plank flooring, new windows, a floor safe, a new Reznor heater, and a new slop sink. It also includes a 5,084 square foot parking lot accommodating 15 cars or 10-12 box trucks/trailers. Buildings 1611 (4,403 sq ft) and 1615 (4,625 sq ft) each boast a 12' x 12' drive-in door, new office areas (15' x 19'), ADA-compliant restrooms, kitchenettes with quartz countertops, new windows and doors, luxury vinyl plank flooring, and updated heating systems. All three buildings underwent complete renovations in 2023. The property is zoned L-I, permitting various uses including manufacturing, warehousing, distribution, and more. Currently, 1611 and 1615 are leased to two tenants under a modified lease with a 3% annual rent bump, generating approximately $180,000 in annual rental income. The lease term is three years, commencing July 15, 2024, and expiring July 14, 2027. The asking price is $3,950,000. This prime location offers easy access to major roadways, airports, and Port Newark. The property is a Class B building, built in 1951.
Location Insight
- City
- Linden
- County
- Union
- State
- New Jersey
- Latitude
- 40.6456
- Longitude
- -74.2356
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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