Exclusive Listing – Exceptional Value-Add Opportunity in Western New Jersey This versatile property offers a rare combination of retail, light industrial, flex office space, and potential residential development, presenting a remarkable value-add opportunity in a prime location. Built in the late 1880s, the historic building features timeless wood flooring throughout and encompasses nearly 45,000 square feet across multiple levels. The property includes: • Lower & Ground Levels: Approximately 16,000 sq ft each, both with identical floor plans, currently leased to long-term tenants who wish to remain. • Second Floor: Owner-occupied space, approximately 4,600 sq ft, with vacant possession available. • Third Floor: Approximately 4,600 sq ft, currently vacant and zoned for residential apartments, with architectural design plans included for up to six rental units. Additional features include: • Elevator: Freight elevator serving all floors, with an estimated $20,000 repair cost needed. • Parking: Approximately 20 on-site parking spaces. • Loading & Access: Seven roll-up doors (some drive-in and some dock height) facilitate logistics. • Utilities: Fully updated electrical system (3-phase), natural gas meters for all spaces, city water, and sewer. • Safety & Code: Fully sprinklered with two restrooms on-site. The current income generates an approximate cap rate of 6%, with the potential to increase to 14-15% with residential upgrades. The property’s strategic location and flexible zoning make it an ideal opportunity for investors seeking to maximize returns through redevelopment and tenant stabilization.