292 E Smith St - Warehouse FOR SALE


Woodbridge, NJ 07095
$2,250,000 USD
917-560-0855
292 E Smith St, Woodbridge, NJ for Sale
$2,250,000 USD
Warehouse - FOR SALE
1/18
null | Request Cap Rate

NEW


292 E Smith St
Woodbridge, NJ 07095


OVERVIEW

Bridge Property Advisors has been exclusively retained to arrange the sale of 292 E. Smith Street (the “Property”) in the town of Woodbridge, New Jersey. The property consists of two warehouses constructed of concrete-block and structural steel roofing. The main building has frontage on both Smith and Spring Streets. It is approximately 8,781 square feet and consists of a single-story warehouse with 14’ ceilings and an approximate 740 square foot, 2nd floor mezzanine space with internal and external stair access and roof access. The rear building has frontage on Spring Street and is approximately 6,220 square feet with 12-14’ ceilings. Both buildings have two loading zones: one that is on-grade and one that is raised. The total lot area is approximately 23,584 square feet. It is irregularly shaped and consists of two separate areas where each building is on and can be logically divided to create two separate tax lots or remain as one tax lot. The main building lot portion has a surface area consisting of 12,751 square feet on the corner of E. Smith and Spring Streets. The rear building lot portion has a surface area consisting of 10,834 square feet that fronts Spring Street. Ownership has made major capital improvements to both buildings in the past year with the intention of operating a climate-controlled storage facility. The building facade, roof and major mechanical equipment have been completed. There is currently one electrical meter for the main building that provides power for both spaces. If a lot separation were to occur, separate utilities will need to be set up. The interiors consist of open spaces allowing for an end-user or investor to build out the current plans or alternative uses. Ownership has made major capital improvements to both buildings in the past year with the intention of operating a climate-controlled storage facility. The building facade, roof and major mechanical equipment have been completed. There is currently one electrical meter for the main building that provides power for both spaces. If a lot separation were to occur, separate utilities will need to be set up. The interiors consist of open spaces allowing for an end-user or investor to build out the current plans or alternative uses. 292 E. Smith Street is conveniently located for commercial and industrial use with direct access to the NJ Turnpike, Garden State Parkway, Routes 1 & 9, and Route 440—placing Port Newark/Elizabeth, Newark Airport, and major Northeast distribution routes minutes away.

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$161 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Manufacturing, Refrigeration/Cold Storage, Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

UTILITIES

-

CLEAR CEILING HT

12 Ft

DOCKS

2

DRIVE INS

1

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.54

LAND SF

23,522

ZONING

RES MS-Residential

APN/PARCEL ID

25-00533-03-00047-01

ASK ABOUT THIS PROPERTY

Brian LearyBridge Property AdvisorsMore Info
917-560-0855

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Brian LearyBridge Property AdvisorsMore Info
917-560-0855

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.