409 Hazel Ave - Warehouse FOR SALE


$425,000 USD
732-998-1826
409 Hazel Ave, Ewing, NJ for Sale
$425,000 USD
Warehouse - FOR SALE
1/36
null | Request Cap Rate


OVERVIEW

Investment Highlights - Rare owner/user or investor opportunity in Ewing Township's IP-3 (Industrial Park) zone, surrounded by a mix of industrial and residential uses that supports a wide range of flexible business applications - Delivered vacant at closing — immediate occupancy for an end user, or a clean slate for an investor to lease at market - Private driveway access with on-site parking for up to 10 vehicles, providing room for truck parking, loading, and privacy Sold free and clear by a long-term sole owner who no longer has use for the property — a motivated, straightforward transaction Value-add positioning: ideally suited for an end user prepared to renovate and build out the space to their exact operational needs Building Breakdown Separate metering on Warehouse 2 creates a natural multi-tenant configuration — occupy part of the building and offset your carry with rental income, or lease both units independently. Condition & Capital Improvements - Windows: All windows replaced within the last ten years - Roof: Not replaced during current ownership's ten-year tenure; however, no known leaks — including through this year's storm activity Investor Snapshot - Comparable flex/industrial space in the submarket is achieving approximately $12.00/SF NNN. The Opportunity 409 Hazel Avenue is a versatile asset that works two ways: End User — Establish your business in a flexible industrial/office building with drive-in access, ample parking, and the freedom to renovate and customize to your exact specifications. Investor — Acquire at an ±8.5% projected cap rate with a separately metered second unit that supports a multi-tenant strategy and diversified income.

FOR SALE DETAILS

PRICE

$425,000 USD

PRICE/SF

$133 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Distribution, Loft/Creative Space, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

UTILITIES

Gas - Natural, Water - City, Sewer - City, Heating - Gas

CLEAR CEILING HT

12 Ft

DOCKS

-

DRIVE INS

1

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.16

LAND SF

6,902

ZONING

Special Overlay

APN/PARCEL ID

02-00036-0000-00031

ASK ABOUT THIS PROPERTY

Devin FoderaroKeller Williams Realty Monmouth/OceanMore Info
732-998-1826

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Devin FoderaroKeller Williams Realty Monmouth/OceanMore Info
732-998-1826

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