201 Decatur AvePleasantville, NJ 08232
- Industrial properties
- 2.43 AC
Property Details for 201 Decatur Ave
- Year built
- 1966
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 2.43 AC
- Zone code
- UEZC
- Property type
- Industrial properties
- APN
- 19 00057-0000-00017
- APU
- 1900057000000017
Description
This exceptional 52,000-square-foot Class A industrial and office property, located at 201 W Decatur Ave, Pleasantville, NJ 08232, is offered for sale at $5,500,000 ($105.77/SF). The multi-tenant building, constructed in 1966 and renovated in 2009, sits on a 3.25-acre lot and features a versatile layout suitable for various uses including creative office, distribution, executive office, flex space, manufacturing, medical office, R&D, traditional office, and warehouse operations. The property boasts a 28-foot ceiling height, four loading docks with four dock-high doors, and ample parking for 15 vehicles. Currently 100% occupied, this two-story building is zoned G-C and offers convenient access to major transportation routes, including proximity to Atlantic City and the Atlantic City Airport. The property includes a sprinkler system and is heated. Its history includes a short-term Walmart lease (2023) and previous occupancy by Atlantic Coin & Slot Services. The building's features include signage opportunities and its location within an Urban Enterprise Zone (UEZ). This presents a unique investment opportunity in a prime location.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $75,648,600
- 6.5%
- $69,829,500
- 7%
- $64,841,700
-
Comparable approach
- Method
- Valuation
- Relative Method
- $22,128,800
- Geo Method
- $22,128,800
-
Alternative Use
- Use
- Valuation
- Retail / Commercial
- $35,887,200
- Mixed-Use / Specialty
- $35,821,600
- Hospitality / Lodging
- $26,362,200
- Office
- $35,673,600
- Institutional / Educational
- $37,262,200
- Residential Income
- $43,596,800
- Multifamily
- $51,942,500
- Automotive / Energy
- $31,939,100
- Parking / Income-Based Land
- $10,960,300
- Restaurant / Food Service
- $18,764,000
- Healthcare / Senior Housing
- $36,670,500
Location Insight
- City
- Pleasantville
- County
- Atlantic
- State
- New Jersey
- Latitude
- 39.3903
- Longitude
- -74.5293
- CBSA code
- 12100
- CBSA name
- ATLANTIC CITY, NJ METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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