includes 1611 and 1615 Pennsylvania Ave | 1601 Pennsylvania Ave
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includes 1611 and 1615 Pennsylvania Ave 1601 Pennsylvania Ave
12,000 SF Industrial Building Linden, NJ 07036 $3,950,000 ($329/SF)
Investment Highlights
- Light Industrial (LI) Zoning
- 3 Seperate Units With Seperate Utility Meters and Heavy Power
- Conveniently Located Near Major Thoroughfares, Airports, and Port Newark
Executive Summary
The owner can occupy 1601 Pennsylvania Ave and collect rents from 1611 and 1615 Pennsylvania Avenue. All three properties have been completely remodeled in 2023.
1601: Exterior building dimensions 82’ (L) x 36’ (W)= 2,952 SF +/- overhead motorized 12’x 12’ drive-in door, 2 offices, waiting area, 2 restrooms (ADA compliant), kitchenette with quartz countertops, Luxury Vinyl Plank flooring throughout office area, new windows, floor safe, new Reznor heater in warehouse, and a new slop sink in warehouse. Includes a 82’ (L) x 62’ (W) = 5,084 SF parking lot (15 cars or 10-12+/- Box trucks or Trailers). Block: 39, Lot: 11
1611: 119’ (L) x 37’ (W)= 4,403 SF +/-, 1 motorized overhead drive-in door 12’x12’, new office area 15’ x 19’, kitchenette with quartz countertops, new windows and doors, ADA compliant restroom, Luxury Vinyl Plank Flooring, new Reznor heater in warehouse.
1615: 125’ x 37’ = 4,625 SF +/-, 1 motorized overhead drive-in door 12’ x12’, office, new office area 15’ x 19’, kitchenette with quartz countertops, new windows and doors, ADA compliant restroom, Luxury Vinyl Plank Flooring, new split unit in office, new Reznor heater in warehouse section, and more.
1611 and 1615 combined block and lot number: Block: 39, Lot: 9
Light Industry Zoning (LI) permitted uses include manufacturing, warehouse, distribution, fabrication and assembly, research laboratories, automotive repair stations, retail sales, retail services, professional and business offices, and many more.
Approximately $180,000 +/- in annual rents from 1611 and 1615 Pennsylvania Avenue.
Conveniently located near major thoroughfares, airports, and Port Newark.
1601: Exterior building dimensions 82’ (L) x 36’ (W)= 2,952 SF +/- overhead motorized 12’x 12’ drive-in door, 2 offices, waiting area, 2 restrooms (ADA compliant), kitchenette with quartz countertops, Luxury Vinyl Plank flooring throughout office area, new windows, floor safe, new Reznor heater in warehouse, and a new slop sink in warehouse. Includes a 82’ (L) x 62’ (W) = 5,084 SF parking lot (15 cars or 10-12+/- Box trucks or Trailers). Block: 39, Lot: 11
1611: 119’ (L) x 37’ (W)= 4,403 SF +/-, 1 motorized overhead drive-in door 12’x12’, new office area 15’ x 19’, kitchenette with quartz countertops, new windows and doors, ADA compliant restroom, Luxury Vinyl Plank Flooring, new Reznor heater in warehouse.
1615: 125’ x 37’ = 4,625 SF +/-, 1 motorized overhead drive-in door 12’ x12’, office, new office area 15’ x 19’, kitchenette with quartz countertops, new windows and doors, ADA compliant restroom, Luxury Vinyl Plank Flooring, new split unit in office, new Reznor heater in warehouse section, and more.
1611 and 1615 combined block and lot number: Block: 39, Lot: 9
Light Industry Zoning (LI) permitted uses include manufacturing, warehouse, distribution, fabrication and assembly, research laboratories, automotive repair stations, retail sales, retail services, professional and business offices, and many more.
Approximately $180,000 +/- in annual rents from 1611 and 1615 Pennsylvania Avenue.
Conveniently located near major thoroughfares, airports, and Port Newark.
Taxes & Operating Expenses (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$37,988
|
$3.11
|
| Operating Expenses |
$15,425
|
$1.26
|
| Total Expenses |
$53,413
|
$4.38
|
Taxes & Operating Expenses (Actual - 2024)
| Taxes | |
|---|---|
| Annual | $37,988 |
| Annual Per SF | $3.11 |
| Operating Expenses | |
|---|---|
| Annual | $15,425 |
| Annual Per SF | $1.26 |
| Total Expenses | |
|---|---|
| Annual | $53,413 |
| Annual Per SF | $4.38 |
Property Facts
Amenities
- Security System
- Recessed Lighting
Utilities
- Lighting
- Gas - Natural
- Water - County
- Sewer - City
- Heating - Gas
PROPERTY TAXES
| Parcel Number | 09-00039-0000-00011 | Total Assessment | $188,000 |
| Land Assessment | $108,200 | Annual Taxes | $37,988 ($3.17/SF) |
| Improvements Assessment | $79,800 | Tax Year | 2024 Payable 2024 |
PROPERTY TAXES
Parcel Number
09-00039-0000-00011
Land Assessment
$108,200
Improvements Assessment
$79,800
Total Assessment
$188,000
Annual Taxes
$37,988 ($3.17/SF)
Tax Year
2024 Payable 2024
zoning
| Zoning Code | commercial industrial (Light Industry Zoning (LI) permited uses include: manufacturing, warehouse, distribution, fabrication and assembly, automotive repair, and many more.) |
| commercial industrial (Light Industry Zoning (LI) permited uses include: manufacturing, warehouse, distribution, fabrication and assembly, automotive repair, and many more.) |
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Robert Warney -
Century 21 Abrams & Associates
(609) 683-5000
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includes 1611 and 1615 Pennsylvania Ave | 1601 Pennsylvania Ave
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