This exceptional 38,500-square-foot industrial property, located at 500 Corporate Drive in Mahwah, New Jersey, presents a unique investment opportunity. Situated on a 5.7-acre lot within the IP120 (Industrial Park) zoning district of Bergen County, this two-story building boasts a blend of warehouse and flex space, ideal for a variety of uses. The warehouse area encompasses 15,500 square feet, featuring a generous 16-foot ceiling height, three tailgates, and one drive-in door. An additional 10,500 square feet of flexible assembly space complements the warehouse, offering versatility for diverse operational needs. The property also includes 12,500 square feet of office space, providing ample room for administrative functions. The building features 30' x 30' column spacing and 65 parking spaces for employee and visitor convenience. Constructed in 1977, this well-maintained property offers significant potential. Annual real estate taxes are $64,870.75. The second floor offers approximately 11-foot ceiling heights. This property is zoned IP120 and presents a compelling opportunity for businesses seeking a strategic location in Northern New Jersey. The combination of warehouse, flex, and office space makes this a highly versatile and attractive property.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$51,825,908
Hospitality
$47,472,252
Educational
$39,496,356
Medical
$40,854,696
Retail
$61,438,780
Location Insight
City
Mahwah
County
Bergen
State
New Jersey
Latitude
41.0851
Longitude
-74.1594
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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