343 Somerset St
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343 Somerset St
9,300 SF Industrial Building Stirling, NJ 07980 $2,500,000 ($269/SF)
Investment Highlights
- Ample parking is available, and an adjoining lot included in the sale offers opportunities for expansion or additional parking needs.
- The property is equipped with a comprehensive Fire and Security System throughout.
- The Warehouse boasts an impressive clear ceiling height of 14 feet 6 inches and includes a convenient 12 feet by 12 feet drive-in door.
- The kitchen and office flooring were updated in 2023, providing a fresh and inviting workspace.
- The electrical infrastructure is robust, offering 600 amps of 3-phase power at 230 volts.
- The building received an upgrade in 2021 with the installation of modern LED lighting, significantly improving illumination and energy efficiency.
Executive Summary
Sale contingent on seller closing on new property.
This property features a Warehouse and Light Manufacturing Building situated on over half an acre within an L-2 Light Industrial Zone. The structure comprises 9340 square feet. 8340 of Warehouse space and approximately 1000 additional square feet designated for Office use. The Warehouse boasts an impressive 14 feet 6 inch clear ceiling height, with a convenient 12 feet by 12 feet drive-in door. The electrical infrastructure is robust, offering 600 amps, 3-phase power, at 230 volts. The property is equipped with a comprehensive Fire and Security System throughout. In 2019, warehouse camera system was installed. 2020, HVAC motor was replaced, ensuring efficient climate control. In 2020, a new roof membrane was added, backed by a 10-year warranty for peace of mind. Subsequently, in 2021, the building received an upgrade with the installation of modern LED lighting, significantly improving illumination and efficiency. The kitchen was updated in 2023 along with upgraded office flooring, providing a fresh and inviting workspace. Lastly, on October 1st, 2023, new loading door springs were installed. There's ample parking available, and an adjoining lot included in the sale, presents opportunities for expansion or additional parking needs.
This property features a Warehouse and Light Manufacturing Building situated on over half an acre within an L-2 Light Industrial Zone. The structure comprises 9340 square feet. 8340 of Warehouse space and approximately 1000 additional square feet designated for Office use. The Warehouse boasts an impressive 14 feet 6 inch clear ceiling height, with a convenient 12 feet by 12 feet drive-in door. The electrical infrastructure is robust, offering 600 amps, 3-phase power, at 230 volts. The property is equipped with a comprehensive Fire and Security System throughout. In 2019, warehouse camera system was installed. 2020, HVAC motor was replaced, ensuring efficient climate control. In 2020, a new roof membrane was added, backed by a 10-year warranty for peace of mind. Subsequently, in 2021, the building received an upgrade with the installation of modern LED lighting, significantly improving illumination and efficiency. The kitchen was updated in 2023 along with upgraded office flooring, providing a fresh and inviting workspace. Lastly, on October 1st, 2023, new loading door springs were installed. There's ample parking available, and an adjoining lot included in the sale, presents opportunities for expansion or additional parking needs.
Taxes & Operating Expenses (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
-
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-
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| Operating Expenses |
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| Total Expenses |
$99,999
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$9.99
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Taxes & Operating Expenses (Actual - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,500,000 | Rentable Building Area | 9,300 SF |
| Price Per SF | $269 | No. Stories | 1 |
| Sale Type | Owner User | Year Built/Renovated | 1950/2023 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Parking Ratio | 2.15/1,000 SF |
| Building Class | B | Clear Ceiling Height | 14 FT 6 IN |
| Lot Size | 0.52 AC | No. Drive In / Grade-Level Doors | 1 |
| Price | $2,500,000 |
| Price Per SF | $269 |
| Sale Type | Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 0.52 AC |
| Rentable Building Area | 9,300 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1950/2023 |
| Tenancy | Single |
| Parking Ratio | 2.15/1,000 SF |
| Clear Ceiling Height | 14 FT 6 IN |
| No. Drive In / Grade-Level Doors | 1 |
Amenities
- Air Conditioning
Utilities
- Lighting
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
PROPERTY TAXES
| Parcel Number | 30-11605-0000-00007 | Improvements Assessment | $854,900 |
| Land Assessment | $116,100 | Total Assessment | $971,000 |
PROPERTY TAXES
Parcel Number
30-11605-0000-00007
Land Assessment
$116,100
Improvements Assessment
$854,900
Total Assessment
$971,000
zoning
| Zoning Code | I-2 (Light Industrial/Distribution) |
| I-2 (Light Industrial/Distribution) |
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343 Somerset St
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