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541 Commerce St

7,500 SF 100% Leased Industrial Building Franklin Lakes, NJ 07417 $2,299,000 ($307/SF) 3.91% Cap Rate

Industrial Properties New Jersey Franklin Lakes 541 Commerce St, Franklin Lakes, NJ 07417

Investment Highlights

  • Great town, a lot of business in town. Residents call local tradesman. Hard to find small warehouses and outside storage.
  • Has been great for past owners for 16 years
  • Nothing shared, each has own utilities

Executive Summary

For Sale by Owners: Five Unit Flex warehouse building. Each unit about 1500 SF. Each has own utilities, nothing shared. Can combine units if needed. Nice small units are hard to find but easy to rent. Never vacant, nice moneymaker. Tons of parking and outside storage. Zoned industrial. Clean property no environmental issues. Wonderful town and located on a business cul-de-sac and easy access to RT 208, 4, 287. Low Taxes. Very limited landlord responsibilities. Rent can be increased. Long Term tenants, fully leased for years and can continue. Net currently about $90K but room to grow. Can also charge for outside storage and parking to raise the net significantly. Solid investment. Owner User can use a few units and rent the rest. Buyers Agent commission at 3% protected. No sellers agents please.
Only show with appointment. Call Sam during business hours, no texts thanks 551-804-5333. Will go fast, serious buyers with $600K+ down deposit only. Owners for 16 years retiring.

Property Facts

Price $2,299,000 Lot Size 0.71 AC
Price Per SF $307 Rentable Building Area 7,500 SF
Sale Type Investment or Owner User No. Stories 1
Cap Rate 3.91% Year Built 1965
Property Type Industrial Parking Ratio 4/1,000 SF
Property Subtype
Distribution
  • Industrial Warehouse
 Clear Ceiling Height 11 FT
Building Class B No. Drive In / Grade-Level Doors 5
Price $2,299,000
Price Per SF $307
Sale Type Investment or Owner User
Cap Rate 3.91%
Property Type Industrial
Property Subtype
Distribution
  • Industrial Warehouse
Building Class B
Lot Size 0.71 AC
Rentable Building Area 7,500 SF
No. Stories 1
Year Built 1965
Parking Ratio 4/1,000 SF
Clear Ceiling Height 11 FT
No. Drive In / Grade-Level Doors 5

Utilities

  • Lighting
  • Gas
  • Water
  • Sewer
  • Heating
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PROPERTY TAXES

Parcel Number 20-01404-01-00004-02 Improvements Assessment $514,200
Land Assessment $404,700 Total Assessment $918,900

PROPERTY TAXES

Parcel Number
20-01404-01-00004-02
Land Assessment
$404,700
Improvements Assessment
$514,200
Total Assessment
$918,900

zoning

Zoning Code I1 (Storage of construction equipment and commercial vehicles, Manufacturing, Distribution, Wholesale, Landscaping, Warehousing, more)
I1 (Storage of construction equipment and commercial vehicles, Manufacturing, Distribution, Wholesale, Landscaping, Warehousing, more)
(551) 804-5333
  • Sam
    Sam
  • 541 Commerce

  • Listing ID: 33512283

  • Date on Market: 10/14/2024

  • Last Updated:

  • Address: 541 Commerce St, Franklin Lakes, NJ 07417

More public record information on 541 Commerce St, Franklin Lakes, NJ 07417

The Industrial Property at 541 Commerce St, Franklin Lakes, NJ 07417 is currently available for sale. Contact 541 Commerce for more information.

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Lots room for outside storage and parking
541 Commerce St, Franklin Lakes, NJ for sale Plat Map- Image 10 of 11
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541 Commerce St
(551) 804-5333 x

541 Commerce St

Sam

(551) 804-5333

(551) 804-5333

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