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209 Adams St
Riverside, NJ 08075
Small Bay Contractor Storage · Industrial Property For Sale
Investment Highlights
- The in-place NOI is only $81,302 or $7.12/SF. Market asking rents are in excess of $12/ft for comparable properties.
- The warehouse portion is +/-8,700 SF across 7 units with a total of 10 roll-up doors; The +/-2,726 SF office building can be easily subdivided.
- Property is priced at only $110/SF - a significant discount to the cost of replacing the building, paving, and fencing.
- All tenants in the warehouse portion of the property are on month-to-month leases, and some small offices can be leased.
- This property has a NJ Motor Vehicle Installment Seller License, which is very challenging to attain; It is held by NJ Motor Group.
- Units are small, ranging from 600 to 2,500 SF; These are easier to lease and are maintaining historically low vacancy rates.
Property Facts
| Property Type | Industrial | No. Stories | 1 |
| Property Subtype | Year Built | 1950 | |
| Building Class | C | Tenancy | Single |
| Lot Size | 1.02 AC | Parking Ratio | 0.88/1,000 SF |
| Rentable Building Area | 11,426 SF | ||
| Zoning | I-2 | ||
| Property Type | Industrial |
| Property Subtype | |
| Building Class | C |
| Lot Size | 1.02 AC |
| Rentable Building Area | 11,426 SF |
| No. Stories | 1 |
| Year Built | 1950 |
| Tenancy | Single |
| Parking Ratio | 0.88/1,000 SF |
| Zoning | I-2 |
Utilities
- Lighting - Incandescent
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
Property Taxes
| Parcel Number | 30-00502-0000-00012 | Improvements Assessment | $319,400 |
| Land Assessment | $110,000 | Total Assessment | $429,400 |
Property Taxes
Parcel Number
30-00502-0000-00012
Land Assessment
$110,000
Improvements Assessment
$319,400
Total Assessment
$429,400
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