26 Center StJersey City, NJ 07302

Property Details for 26 Center St

Lot size

0.06 AC

Property type

Commercial real estate

APN

06 13802-0000-00005

APU

613802000000005

Description

This exceptional 2800-square-foot flex space, situated on a generous 17.6 acres in Hudson County, presents a unique investment opportunity. The property is classified as industrial, offering a single-tenant occupancy arrangement within a 900-square-foot building. Its adaptable design makes it suitable for a wide range of uses, including storage, manufacturing, distribution, retail, or even a fitness-related business such as a gym or sports training facility. The inclusion of on-site parking adds significant convenience for both employees and customers. The expansive acreage provides ample room for expansion or future development, making this property a highly attractive proposition for businesses seeking a versatile and strategically located space. The existing building, while smaller than the total square footage, provides a solid foundation for operations, with the potential for further development or expansion on the substantial land parcel. The property's location in Hudson County offers excellent access to major transportation routes and a thriving business community. This is a rare opportunity to acquire a flexible and well-positioned industrial property with significant growth potential. The property's adaptability makes it an ideal choice for a variety of businesses seeking a functional and spacious workspace. The combination of ample land and a readily usable building makes this a truly unique offering in the Hudson County market.

• CAP approach

  CAP return

  Valuation

  6%

  $468,435

  6.5%

  $432,401

  7%

  $401,515

• Comparable approach

  Method

  Valuation

  Relative Method

  $326,650

  Geo Method

  $326,650

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $851,299

  Retail / Commercial

  $436,542

  Mixed-Use / Specialty

  $434,985

  Hospitality / Lodging

  $319,135

  Office

  $432,401

  Institutional / Educational

  $452,209

  Residential Income

  $529,085

  Multifamily

  $634,556

  Automotive / Energy

  $387,608

  Parking / Income-Based Land

  $133,759

  Restaurant / Food Service

  $226,239

  Healthcare / Senior Housing

  $446,069

Location Insight

City

Jersey City

County

Hudson

State

New Jersey

Latitude

40.7184

Longitude

-74.0552

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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