1650 Oak StLakewood, NJ 08701

Property Details for 1650 Oak St

Year built

1970

Construction

CONCRETE BLOCKS

Lot size

3.00 AC

Property size (Sq ft)

36,000 SF

Zone code

M1

Property type

Industrial properties

APN

15 01160- 05-00046

APU

15011600500046

Description

This exceptional 7,614-square-foot industrial space in Lakewood, New Jersey's thriving industrial park is available for immediate occupancy. The single-tenant property is ideally suited for warehouse and distribution operations, boasting a range of desirable features. The building offers a 20-foot clear ceiling height, providing ample vertical storage capacity. Convenient access is ensured by a drive-in door and a dock-high loading door, along with separate entry points for efficient workflow. Power is provided by a three-phase, 240-amp electrical system, ensuring sufficient capacity for various industrial needs. The property includes shared men's and women's restrooms for employee convenience. Heating is provided by four drop-down heaters, maintaining a comfortable working environment. Located in Ocean County, New Jersey, with the address 1650 Oak Street, Lakewood, NJ 08701, this property presents a rare opportunity for businesses seeking a clean, well-equipped industrial space in a prime location. The property is classified as Flex, Warehouse, and Distribution space. This is a single-tenant occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $16,962,600

  6.5%

  $15,657,800

  7%

  $14,539,400

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,526,020

  Geo Method

  $7,526,020

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $8,150,160

  Mixed-Use / Specialty

  $8,216,390

  Hospitality / Lodging

  $6,152,160

  Office

  $8,266,820

  Institutional / Educational

  $8,575,790

  Residential Income

  $10,033,700

  Multifamily

  $11,505,600

  Automotive / Energy

  $7,350,680

  Parking / Income-Based Land

  $2,442,490

  Restaurant / Food Service

  $4,476,760

  Healthcare / Senior Housing

  $8,328,040

Location Insight

City

Lakewood

County

Ocean

State

New Jersey

Latitude

40.0591

Longitude

-74.1881

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].