564 Forest StCity of Orange, NJ 07050

  • Industrial properties
  • 0.35 AC
For Sale
$6,500,000 View listing

Property Details for 564 Forest St

Year built
1894
Construction
BRICK
Lot size
0.35 AC
Property type
Industrial properties
Property subtype
Other warehouses
APN
17 05004-0000-00025
APU
1705004000000025

Description

This exceptional industrial property presents a unique investment opportunity in the heart of Orange, NJ. The offering includes a potential bundle of two warehouses totaling approximately 40,440 square feet. The primary warehouse boasts 28,440 square feet across three stories, built in 1884, featuring 4 loading docks, high ceilings, and abundant natural light. The property sits on a 14,502.17 square foot lot. A second warehouse, totaling 12,400 square feet on two levels, is also available, situated on a separate 23,819 square foot lot and currently generating income from five tenants. This combined space offers versatile options, ideal for various uses including e-commerce fulfillment, distribution, creative agencies, or artisan workshops. The location is highly desirable, within walking distance of public transportation, major highways, and numerous amenities such as restaurants, cafes, and shops. The property is situated in an Urban Enterprise Zone (UEZ), offering potential tax advantages. Ample parking and outdoor storage areas are also available. The asking price for this unique opportunity is $6,500,000, with a price per square foot of $2,285.51. This is a rare chance to acquire a substantial industrial property in a thriving urban location.

564 Forest St, City of Orange, New Jersey

Location Insight

City
Orange
County
Essex
State
New Jersey
Latitude
40.765
Longitude
-74.2467
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
$19,715
$300,000
$268,800
$568,800
-
$300,000
$268,800
$568,800

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