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555 Rt 57 W 225,610 SF 4-Star Industrial Building Port Murray, NJ 07865 For Sale
INVESTMENT HIGHLIGHTS
- 20 dock doors, 4 ground-level doors, interior rail platform, ±175 car spaces, ±75 trailer spaces.
- Falls within a restrictive development overlay aimed at protecting open space and natural resources.
- Includes offices, research labs, light manufacturing, industrial parks, solar and wind energy facilities, and telecom infrastructure.
- Heavy electric service with 500kW solar panels generating clean energy and revenue via SREC.
EXECUTIVE SUMMARY
555 Route 57 is located withing the I-1 zone in Mansfield Twp, Warren County, which permits an array of uses in this rural area. The site is not located in a water service area and is currently serviced by 2 on-site wells. Additionally, the site is not located in a sewer service area and we believe it is currently serviced by a private on-site septic system. The property is located within the Highlands Planning Area which is a restrictive development overlay established in 2004 with the primary purpose of protecting open space and state natural resources. The current ordinance would permit an additional ±250,000 SF on the vacant land area to the west, assuming development viability on that portion of the site (to be further studied). The remaining acreage is currently a solar field, unlikely to be redeveloped.
PROPERTY FACTS
| Sale Type | Investment or Owner User | Year Built | 1971 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Parking Ratio | 0.78/1,000 SF |
| Building Class | B | Clear Ceiling Height | 30’ |
| Lot Size | 74.43 AC | No. Dock-High Doors/Loading | 20 |
| Rentable Building Area | 225,610 SF | No. Drive In / Grade-Level Doors | 2 |
| No. Stories | 1 | ||
| Zoning | I - industrial | ||
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 74.43 AC |
| Rentable Building Area | 225,610 SF |
| No. Stories | 1 |
| Year Built | 1971 |
| Tenancy | Single |
| Parking Ratio | 0.78/1,000 SF |
| Clear Ceiling Height | 30’ |
| No. Dock-High Doors/Loading | 20 |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | I - industrial |
AMENITIES
- Fenced Lot
UTILITIES
- Gas - Natural
- Water - Well
- Sewer - Septic Field
- Heating - Gas
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PROPERTY TAXES
| Parcel Number | 16-01501-0000-00007-0000-S01 | Improvements Assessment | $85,000 |
| Land Assessment | $83,000 | Total Assessment | $168,000 |
PROPERTY TAXES
Parcel Number
16-01501-0000-00007-0000-S01
Land Assessment
$83,000
Improvements Assessment
$85,000
Total Assessment
$168,000
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555 Rt 57 W
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