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5 Veronica Ave 12,000 SF Industrial Building Somerset, NJ 08873 $2,300,000 ($191.67/SF)
Investment Highlights
- Two drive-in doors (10' wide x 12' high)
- 25 surface parking space.
- 14' clear ceiling height.
- Suspended zone heaters.
Executive Summary
Single-user industrial building with 8,000 SF of industrial space and 4,000 SF of offices. Located one block from Hamilton Street, 5 Veronica Avenue is easily
accessible from Routes 18, 27, and 287. Zoned B-1 ; see permitted uses under the "documents" tab on the property website. Real Estate Taxes - $23,686 (2024).
accessible from Routes 18, 27, and 287. Zoned B-1 ; see permitted uses under the "documents" tab on the property website. Real Estate Taxes - $23,686 (2024).
Property Facts
| Price | $2,300,000 | Rentable Building Area | 12,000 SF |
| Price Per SF | $191.67 | No. Stories | 1 |
| Sale Type | Investment or Owner User | Year Built | 1980 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Distribution | Parking Ratio | 2.08/1,000 SF |
| Building Class | C | Clear Ceiling Height | 14’ |
| Lot Size | 1.37 AC | No. Drive In / Grade-Level Doors | 2 |
| Zoning | B1 - see permitted uses under the "documents" tab on the property website Real Estate Taxes - $23,686 (2024) | ||
| Price | $2,300,000 |
| Price Per SF | $191.67 |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Distribution |
| Building Class | C |
| Lot Size | 1.37 AC |
| Rentable Building Area | 12,000 SF |
| No. Stories | 1 |
| Year Built | 1980 |
| Tenancy | Single |
| Parking Ratio | 2.08/1,000 SF |
| Clear Ceiling Height | 14’ |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | B1 - see permitted uses under the "documents" tab on the property website Real Estate Taxes - $23,686 (2024) |
Amenities
- Property Manager on Site
- Smoke Detector
Property Taxes
| Parcel Number | 08-00089-03-00010-10 | Improvements Assessment | $901,000 |
| Land Assessment | $399,000 | Total Assessment | $1,300,000 |
Property Taxes
Parcel Number
08-00089-03-00010-10
Land Assessment
$399,000
Improvements Assessment
$901,000
Total Assessment
$1,300,000
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