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400 Magnolia 400 Magnolia St 4,500 SF Vacant Industrial Building Beverly, NJ 08010 $490,000 ($108.89/SF) 9.69% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Allowes for mix retail, office, and service businesses
  • Community Engagementand safe Environment for business owners and clients.

EXECUTIVE SUMMARY

Two commercial buildings in downtown Beverly Zone C2 commercial
Building #1 Main floor -open floor, 3 offices, Commercial loading dock, 1 Bathroom, partially finished attic, Full basement.
Building #2 1664sf hi ceiling, two commercial garage doors natural gas heating, Industrial fan, 1 Bath,
All served with public water and public sewer NJ

FINANCIAL SUMMARY (PRO FORMA - 2025)

ANNUAL ANNUAL PER SF
Taxes $6,500 $1.44
Operating Expenses $5,000 $1.11
Total Expenses $11,500 $2.56

FINANCIAL SUMMARY (PRO FORMA - 2025)

Taxes
Annual $6,500
Annual Per SF $1.44
Operating Expenses
Annual $5,000
Annual Per SF $1.11
Total Expenses
Annual $11,500
Annual Per SF $2.56

PROPERTY FACTS

Price $490,000
Price Per SF $108.89
Sale Type Investment or Owner User
Cap Rate 9.69%
Property Type Industrial
Property Subtype
Warehouse
  • Flex Light Manufacturing
  • Flex Showroom
  • FlexLight Distribution
Building Class A
Lot Size 0.20 AC
Rentable Building Area 4,500 SF
No. Stories 1
Year Built 1960
Clear Ceiling Height 12’
Zoning C2

UTILITIES

  • Lighting
  • Gas
  • Water
  • Sewer
  • Heating

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
02-00732-0000-00001-02
Land Assessment
$28,800
Improvements Assessment
$107,600
Total Assessment
$136,400
Annual Taxes
$6,500 ($1.44/SF)
Tax Year
2025
  • Listing ID: 36190572

  • Date on Market: 6/10/2025

  • Last Updated:

  • Address: 400 Magnolia St, Beverly, NJ 08010

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