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261 Monroe Ave
Kenilworth, NJ 07033
Flex Property For Sale
Executive Summary
Nexus Realty Advisors LLC is pleased to offer this +/-50,000 SF industrial property comprised of three buildings situated on 2.32 acres ( +/-450’ x 225’ lot dimensions).
The property includes approximately +/-5,712 SF of dedicated office space and features 13 drive-in doors, clear heights ranging from 12’ to 30’, and cranes ranging from 1 to 3 tons. The site offers parking for approximately 60 cars and 16 trailer spaces.
+/-39,000 SF is available for immediate occupancy in the main building, presenting a strong owner-user opportunity. The remaining +/-11,000 SF is occupied by multiple month-to-month tenants, generating approximately +/-$200,000 in NOI.
Zoned Industrial, the property is well-suited for manufacturing, fabrication and warehousing.
The property includes approximately +/-5,712 SF of dedicated office space and features 13 drive-in doors, clear heights ranging from 12’ to 30’, and cranes ranging from 1 to 3 tons. The site offers parking for approximately 60 cars and 16 trailer spaces.
+/-39,000 SF is available for immediate occupancy in the main building, presenting a strong owner-user opportunity. The remaining +/-11,000 SF is occupied by multiple month-to-month tenants, generating approximately +/-$200,000 in NOI.
Zoned Industrial, the property is well-suited for manufacturing, fabrication and warehousing.
Property Facts
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Property Type | Flex | Year Built | 1950 |
| Building Class | C | Parking Ratio | 1.2/1,000 SF |
| Lot Size | 2.32 AC | No. Drive In / Grade-Level Doors | 5 |
| Rentable Building Area | 50,000 SF | Cross Streets | Monroe Ave |
| Sale Type | Investment or Owner User |
| Property Type | Flex |
| Building Class | C |
| Lot Size | 2.32 AC |
| Rentable Building Area | 50,000 SF |
| No. Stories | 1 |
| Year Built | 1950 |
| Parking Ratio | 1.2/1,000 SF |
| No. Drive In / Grade-Level Doors | 5 |
| Cross Streets | Monroe Ave |
Property Taxes
| Parcel Number | 08-00061-0000-00001 | Improvements Assessment | $608,300 |
| Land Assessment | $638,000 | Total Assessment | $1,246,300 |
Property Taxes
Parcel Number
08-00061-0000-00001
Land Assessment
$638,000
Improvements Assessment
$608,300
Total Assessment
$1,246,300
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