314 Cleveland AveHighland Park, NJ 08904
- Industrial properties
- 0.14 AC
Property Details for 314 Cleveland Ave
- Year built
- 1950
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.14 AC
- Property type
- Industrial properties
- APN
- 07 00403-0000-00037
- APU
- 700403000000037
Description
This exceptional 5,000-square-foot warehouse, located at 314 Cleveland Avenue in Highland Park, New Jersey (08904), presents a unique investment opportunity. Built in 1925, the property sits on a 0.14-acre lot and boasts a 14-foot ceiling height, providing ample storage and operational space. The building's zoning is designated as Professional Office, offering flexibility for a variety of uses. Convenient access is provided by a single drive-in loading door measuring 10 feet by 10 feet. The property's 2024 tax assessment is $12,282. This well-located warehouse in Middlesex County offers significant potential for businesses seeking a versatile and functional space. The property's size and zoning make it suitable for a range of industrial and professional office uses. Serious inquiries are encouraged to discuss the sale price and explore the possibilities this property offers. The property's central location within Highland Park provides easy access to major transportation routes, enhancing its logistical appeal. This is a rare opportunity to acquire a well-maintained industrial property in a desirable New Jersey location. Don't miss out on this chance to own a piece of Highland Park's commercial landscape.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,213,380
- 6.5%
- $2,043,120
- 7%
- $1,897,180
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,254,340
- Geo Method
- $1,254,340
-
Alternative Use
- Use
- Valuation
- Retail / Commercial
- $1,047,700
- Mixed-Use / Specialty
- $1,043,960
- Hospitality / Lodging
- $765,924
- Office
- $1,037,760
- Institutional / Educational
- $1,085,300
- Residential Income
- $1,269,800
- Multifamily
- $1,522,930
- Automotive / Energy
- $930,260
- Parking / Income-Based Land
- $321,021
- Restaurant / Food Service
- $542,974
- Healthcare / Senior Housing
- $1,070,570
Location Insight
- City
- Highland Park
- County
- Middlesex
- State
- New Jersey
- Latitude
- 40.5052
- Longitude
- -74.4324
- 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
FAQs
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