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INVESTMENT HIGHLIGHTS
- Professional Offices, Art Studio, Architect, Engineering, Restaurant, Liquor License, Cellular Antenna Tower.
EXECUTIVE SUMMARY
Great Investment & Opportunity to own a 20,000 square foot all Brick Building on 1.51 Acres that is mixed use with offices and a Restaurant. Available is a Liquor License being used for the Restaurant (Norte 175). Restaurant Has Security & Sprinkler System. There is a Decommissioned Water Tower on the Building (Tower roof was done in 1998). This Tower is Approved for Cellular Antenna Leases for up to 100 years. Currently Leasing to T Mobile & Verizon (Towerco). And there is space for Two (2) more Antennas. This once Silk Mill was built in 1885 sits on Washington Forge Pond with a views of flowing water along the side of the building. Office Spaces from 250 sq ft to 4500 sq ft. Existing Tenants include Architects, Photography Studio, Art Studio, Engineering Group, Training Group, Psychologists, and a Religious Group. Features 14 Foot Ceilings, 15" to 25" Column Spacing and charming Brick Walls. Close to Rt 80, Rt. 46 & Rt. 15. Close to Dover & Mt. Arlington Train Stations and NYC Buses. There are 50 Surface Parking Spaces. This is a Special Building with views of the pond and a park with a serene & tranquil setting. Unique Opportunity Awaits!
Call Lidia Gabinelli at 908-334-1151. Must have Verified Pre Approval or Proof of Funds to Schedule a Showing. Must Accompany. Please provide 24 Hour Notice.
Call Lidia Gabinelli at 908-334-1151. Must have Verified Pre Approval or Proof of Funds to Schedule a Showing. Must Accompany. Please provide 24 Hour Notice.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$338,000
|
$16.90
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$338,000
|
$16.90
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$100,000
|
$5.00
|
| Net Operating Income |
$238,000
|
$11.90
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $338,000 |
| Annual Per SF | $16.90 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $338,000 |
| Annual Per SF | $16.90 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $100,000 |
| Annual Per SF | $5.00 |
| Net Operating Income | |
|---|---|
| Annual | $238,000 |
| Annual Per SF | $11.90 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Office
Property Subtype
Building Size
20,000 SF
Building Class
B
Year Built/Renovated
1885/2015
Price
$4,000,000
Price Per SF
$200
Percent Leased
25%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
10,000 SF
Slab To Slab
14’
Building FAR
0.30
Lot Size
1.51 AC
Opportunity Zone
Yes
Zoning
Retail Business District - OPPORTUNITY ZONE. Retail Business District. Restaurant w/Liquor License. Residential on 2nd Level a possibility.
.
Parking
50 Spaces (2.5 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Atrium
- Fitness Center
- Food Service
- Restaurant
- Waterfront
- Outdoor Seating
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Alex Contracting
- -
- -
- -
- -
- Bainbridge Counseling
- -
- -
- -
- -
- Clear Choice Cleaning
- -
- -
- -
- -
- Entrepreneurial U
- -
- -
- -
- -
- Fountain Network
- -
- -
- -
- -
- Koenig Architect
- -
- -
- -
- -
- Nkunims
- -
- -
- -
- -
- Norte 175
- Retailer
- -
- -
- -
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- Perspecta
- -
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Alex Contracting | - | - | - | - | ||
| Bainbridge Counseling | - | - | - | - | ||
| Clear Choice Cleaning | - | - | - | - | ||
| Entrepreneurial U | - | - | - | - | ||
| Fountain Network | - | - | - | - | ||
| Koenig Architect | - | - | - | - | ||
| Nkunims | - | - | - | - | ||
| Norte 175 | Retailer | - | - | - | ||
|
Professional, Scientific, and Technical Services | - | - | - | ||
| Perspecta | - | - | - | - |
PROPERTY TAXES
| Parcel Number | 39-00301-0000-00001 | Improvements Assessment | $100 (2025) |
| Land Assessment | $2,239,100 (2025) | Total Assessment | $2,239,200 (2025) |
PROPERTY TAXES
Parcel Number
39-00301-0000-00001
Land Assessment
$2,239,100 (2025)
Improvements Assessment
$100 (2025)
Total Assessment
$2,239,200 (2025)
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