18 Johnson AveHackensack, NJ 07601
- Other commercial real estate
- 4,224 SF
Property Details for 18 Johnson Ave
- Year built
- 1915
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.15 AC
- Property size (Sq ft)
- 4,224 SF
- Property type
- Other commercial real estate
- APN
- 23 00524-0000-00011- 02
- APU
- 230052400000001102
Description
This exceptional Hackensack, NJ investment opportunity encompasses a 1.77-acre assemblage comprising three tax lots and multiple buildings totaling 37,800 square feet of rentable space. The property includes a vacant two-story, 4,400 square foot office building; a partially leased, single-story, 10,800 square foot retail/showroom building; and 40 Burlews Court, featuring four buildings totaling 22,600 square feet with two tailgates and four drive-in doors. The Johnson Avenue buildings are zoned B-1 (business), while 40 Burlews Court is zoned M-1 (industrial/manufacturing). The property's current tenants are on short-term leases, presenting a significant opportunity for an investor to reposition rents or for an owner-user to occupy the space. Located at 18-30 Johnson Avenue and 40 Burlews Court, Hackensack, NJ 07601, this property offers a unique blend of office, retail, and industrial space, making it an ideal investment for a diverse range of uses. The asking price for this substantial portfolio is $6,150,000. The property's strategic location in Bergen County provides excellent access to major transportation routes and a thriving business community. This is a rare opportunity to acquire a significant multi-use property in a prime New Jersey location. The flexible zoning and diverse building types offer considerable potential for future development and income generation.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $799,346
- Hospitality
- $732,197
- Educational
- $609,179
- Medical
- $630,130
- Retail
- $947,612
Location Insight
- City
- Hackensack
- County
- Bergen
- State
- New Jersey
- Latitude
- 40.9017
- Longitude
- -74.0406
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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