238 High StHackensack, NJ 07601

Property Details for 238 High St

Year built

1963

Construction

CONCRETE BLOCKS

Lot size

0.40 AC

Property size (Sq ft)

7,676 SF

Property type

Industrial properties

APN

23 00333-0000-00001

APU

2300333000000001

Description

This unique commercial property, located at 238 High Street in Hackensack, New Jersey, presents a compelling investment opportunity. Priced at $4,500, the property is classified as "Other," indicating a versatile space suitable for a range of commercial uses. The exact square footage is currently unavailable, requiring further due diligence. The property sits on a lot with no acreage specified, suggesting a potentially compact but strategically located site. Given its location on High Street in Hackensack, the property benefits from potential high visibility and accessibility, depending on the specific nature of the building and its surroundings. Further investigation is needed to determine the property's zoning classification, permitted uses, and any existing building structures. Prospective buyers should conduct thorough due diligence, including a site visit and review of all relevant municipal records, to fully assess the property's potential and suitability for their intended purpose. The absence of square footage and lot size details underscores the need for a comprehensive on-site inspection and review of available documentation. This property offers a chance to acquire a commercial space in a well-established New Jersey location, but potential buyers should be prepared to undertake the necessary research to fully understand its characteristics and potential. The asking price of $4,500 suggests a potentially attractive entry point for investors seeking a foothold in the Hackensack commercial market. Interested parties are encouraged to contact the listing agent for further information and to schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $2,831,650

  6.5%

  $2,613,830

  7%

  $2,427,130

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,604,710

  Geo Method

  $1,604,710

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $1,340,360

  Mixed-Use / Specialty

  $1,335,580

  Hospitality / Lodging

  $979,872

  Office

  $1,327,640

  Institutional / Educational

  $1,388,460

  Residential Income

  $1,624,500

  Multifamily

  $1,948,340

  Automotive / Energy

  $1,190,110

  Parking / Income-Based Land

  $410,693

  Restaurant / Food Service

  $694,645

  Healthcare / Senior Housing

  $1,369,610

Location Insight

City

Hackensack

County

Bergen

State

New Jersey

Latitude

40.8896

Longitude

-74.0502

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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