897 12Th StHammonton, NJ 08037

  • Commercial real estate
  • 10.91 AC
For Lease
$14.75/SF/YR View listing

Property Details for 897 12Th St

Construction
STONE
Lot size
10.91 AC
Property type
Commercial real estate
APN
13 01101-0000-00021
APU
1301101000000021

Description

This exceptional 28,800-square-foot industrial property, situated on 10.75 acres, offers flexible space ideal for various uses. The building features a mix of warehouse space with ceiling heights ranging from 16 to 20 feet, and climate-controlled areas with 9.5-foot ceilings. The property is divisible into minimum 7,200-square-foot sections, allowing for customization to suit tenant needs. Located at a signalized intersection just 0.6 miles from AC Expressway Exit #28, this Class B building boasts convenient access and high visibility. Features include the potential for up to six tailgate loading docks and several grade-level overhead doors. Three-phase power is available, and a rooftop solar system is in place (tenants would sign a Power Purchase Agreement). The property is zoned B-2 and offers immediate occupancy, with lease terms as short as 30 days from signing, depending on the space selected. The entire 28,800 square feet is currently vacant. This is a rare opportunity to secure a highly functional and strategically located industrial space. APN: 13-01101-0000-00021. Lease rate: $14.75/sq ft NNN + utilities.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $175,238,304
    Hospitality
    $160,517,344
    Educational
    $133,548,552
    Medical
    $138,141,488
    Retail
    $207,742,192

Location Insight

City
Hammonton
County
Atlantic
State
New Jersey
Latitude
39.6202
Longitude
-74.8242
CBSA code
12100
CBSA name
ATLANTIC CITY, NJ 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
$99,403
$296,500
$3,354,000
$3,650,500
-
$296,500
$3,354,000
$3,650,500

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