955 Burnt Meadow RdHewitt, NJ 07421

  • Commercial real estate
  • 3.50 AC
For Sale
$4,999,999 View listing

Property Details for 955 Burnt Meadow Rd

Lot size
3.50 AC
Property type
Commercial real estate
APN
15 03906-0000-00008
APU
1503906000000008

Description

This exceptional industrial property in Hewitt, New Jersey, presents a unique investment opportunity. Boasting a substantial 11,500 square feet of warehouse space, this property sits on a generous 3.5-acre lot. The warehouse itself features impressive ceiling heights, reaching 30 feet at the high point and 20 feet at the low point, providing ample vertical storage capacity. Three large roll-up doors accommodate easy access for 18-wheelers, ensuring efficient loading and unloading operations. The property also includes three well-appointed offices and one and a half bathrooms, offering comfortable workspace for administrative staff. The property's zoning is designated for industrial use, a highly desirable and rare characteristic in this area. The current tenant, A&A Ironworks, has a long-standing history of 41 years in operation and their business is available for separate purchase, presenting an additional avenue for potential income or continued operation. This property is ideally suited for a wide range of industrial businesses seeking a spacious, well-equipped, and strategically located facility. The combination of size, accessibility, and zoning makes this a truly exceptional offering.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $31,850,808
    Hospitality
    $29,175,168
    Educational
    $24,273,398
    Medical
    $25,108,196
    Retail
    $37,758,620

Location Insight

City
Hewitt
County
Passaic
State
New Jersey
Latitude
41.1378
Longitude
-74.3261
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
$33,045
$249,400
$579,000
$828,400
-
$249,400
$579,000
$828,400

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