35 Rose Morrow Rd - Manufacturing FOR SALE


Wantage, NJ 07461
$2,900,000 USD
973-903-8979
35 Rose Morrow Rd, Wantage, NJ for Sale
$2,900,000 USD
Manufacturing - FOR SALE
1/37
null | 8.5% Cap Rate

35 Rose Morrow Rd
Wantage, NJ 07461


OVERVIEW

Rare opportunity to purchase a very large warehouse on 20+ acres within Sussex County, NJ with a FAVORABLE CAP RATE. The building, surrounded by residential/agricultural, features over 50,000 square feet of space, all which is connected internally; 45,000+ square feet on the ground floor plus 4,000+ mezzanine. Don't let the outside pictures fool you. The inside is impressive. Over 35,000+ square feet is open warehouse space with ceilings up to 23' (see floorplans), plus 10,000+ square feet of storage/office/kitchen/restroom space. Loading docks include flush and drive-in. The current Tenant (lawn care equipment) has been in business for nearly 50 years with a lease into 2029 and 3.0% annual increases. Past uses include Manufacturing, Packaging/Repackaging, Warehousing, and Distribution of Equipment, Products, Food, and Distillery. Zoning permitted uses are vast (see ordinance). Showings restricted to normal business hours (Tenant must be onsite).

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$58 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

ADD'L SUBTYPES

undefined, Distribution, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1959

UTILITIES

Gas - Propane, Water - Well, Sewer - Septic Field, Heating - Gas

CLEAR CEILING HT

23 Ft

DOCKS

6

DRIVE INS

1

PARKING SPACES

42

LAND DETAILS

LAND ACRES

20.2

LAND SF

879,912

ZONING

R-2,Commercial

APN/PARCEL ID

24-00023-0000-00005

ASK ABOUT THIS PROPERTY

Joseph KrumpferKrumpfer Realty Group, LLCMore Info
973-903-8979

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Joseph KrumpferKrumpfer Realty Group, LLCMore Info
973-903-8979

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