390 Railroad AveHackensack, NJ 07601

  • Industrial properties
  • 21,920 SF
For Sale

Property Details for 390 Railroad Ave

Year built
1927
Construction
CONCRETE BLOCKS
Lot size
0.74 AC
Property size (Sq ft)
21,920 SF
Property type
Industrial properties
Property subtype
Other industrial properties
APN
23 00418-0000-00014
APU
2300418000000014

Description

This unique investment opportunity presents a 16-acre property located at 390 Railroad Avenue in Hackensack, New Jersey. The property is classified as "Other," indicating a versatile use potential, ideal for a variety of commercial ventures. Given its size and location, it presents a significant opportunity for developers or investors seeking a substantial land holding in a strategic New Jersey location. The property's address, 390 Railroad Avenue, suggests convenient access to transportation networks, potentially enhancing its logistical appeal for businesses requiring efficient freight movement. The absence of square footage information underscores the need for on-site assessment to determine the precise buildable area and potential development capacity. The 16-acre lot size offers considerable flexibility for future development plans, allowing for substantial construction or expansion projects. Prospective buyers are encouraged to conduct thorough due diligence to fully understand the zoning regulations, permitted uses, and any potential environmental considerations associated with the property. This property's location in Hackensack, NJ, offers access to a robust local economy and a well-established infrastructure. The lack of specific details regarding the property's current condition or improvements necessitates a comprehensive inspection to determine its current state and any necessary renovations or remediation. This presents a blank canvas for a visionary investor or developer to create a significant commercial asset. Serious inquiries are welcome.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $4,148,121
    Hospitality
    $3,799,657
    Educational
    $3,161,270
    Medical
    $3,269,991
    Retail
    $4,917,531
390 Railroad Ave, Hackensack, New Jersey

Location Insight

City
Hackensack
County
Bergen
State
New Jersey
Latitude
40.8917
Longitude
-74.0448
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
$85,486
$735,000
$2,918,000
$3,653,000
-
$735,000
$2,918,000
$3,653,000

FAQs

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