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164-180 Route 45 40,000 SF 34% Leased Retail Building Mannington, NJ 08079 $2,900,000 ($72.50/SF)
INVESTMENT HIGHLIGHTS
- Great outdoor parking and storage
- Multiple opportunities
EXECUTIVE SUMMARY
Industrial building & excess land
Couple opportunities here:
180 Rt. 45 - For Lease -18,359 sq. ft w/ dock door
164 Rt. 45 - For Lease - 12,000 sq. ft. (Part of a 20,000 sf building)8,000 sq ft. leased longterm to environmental company
FOR SALE - Both buildings reside on the same block/lot and are available for sale.
This property sits on over 14 acres with some additional income from land rent.
Couple opportunities here:
180 Rt. 45 - For Lease -18,359 sq. ft w/ dock door
164 Rt. 45 - For Lease - 12,000 sq. ft. (Part of a 20,000 sf building)8,000 sq ft. leased longterm to environmental company
FOR SALE - Both buildings reside on the same block/lot and are available for sale.
This property sits on over 14 acres with some additional income from land rent.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
40,000 SF
Building Class
C
Year Built
1971
Price
$2,900,000
Price Per SF
$72.50
Percent Leased
34%
Building Height
1 Story
Building FAR
0.07
Lot Size
14.12 AC
Zoning
GC - GC Zoning: General Commercial zoning intended for a broad range of commercial uses.
Parking
200 Spaces (5 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Signage
- Tenant Controlled HVAC
- Storage Space
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Salem County Vocational-Technical Schools Youth Ma
- Educational Services
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Salem County Vocational-Technical Schools Youth Ma | Educational Services | - | - | - |
PROPERTY TAXES
| Parcel Number | 06-00061-0000-00006 | Improvements Assessment | $504,400 |
| Land Assessment | $195,600 | Total Assessment | $700,000 |
PROPERTY TAXES
Parcel Number
06-00061-0000-00006
Land Assessment
$195,600
Improvements Assessment
$504,400
Total Assessment
$700,000
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164-180 Route 45
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