500 Corporate DrMahwah, NJ 07430

  • Industrial properties
  • 5.70 AC

Property Details for 500 Corporate Dr

Year built
1978
Lot size
5.70 AC
Property type
Industrial properties
APN
33 00136-0000-00010
APU
3300136000000010

Description

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

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
$65,569
$2,662,400
$662,600
$3,325,000
-
$2,662,400
$662,600
$3,325,000

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