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32723963
32723752

126 Allen St, Netcong, NJ 07857

CE
$3,700,000
16 days on market
Updated 16 days ago

126 Allen St

Details
APN Block 00008 Lot 00028, Block 00008 Lot 00029, Block 00008 Lot 00030
Property Type Industrial
Sub Type Heavy Industrial
Square Footage 7,400
Units 3
NOI $160,884
Tenancy Multi
Price per SqFt $500
Year Built 2019
Year Renovated 2019
Buildings 2
Stories 1
Acreage 2.300
Zoning I-3
Parking Spaces 24 spaces
Parking Per SqFt 3.24
Investment Type Stabilized
Ground Lease No
Ceiling Height 25
Dock High Doors 7
Ownership Fee Simple
Sale Condition N/A

Light & Heavy Industrial Newer Building With outside storage | 7,400 SqFt

Marketing description

Heavy Industrial Commercial property in Netcong, Morris County. Exceptional opportunity to own a versatile, income-producing heavy industrial property situated on approximately 2.3 acres. This well equipped site is ideal for welders, contractors, fleet services, truck repair, inspections & operations, or a business requiring a combination of indoor workspace & outdoor parking. The property features 2 buildings: Building 1 (Constructed 2019) is 5000 sf, a newer high quality structure designed for heavy duty use. With 3 phase electric, efficient radiant heat, & 5 oversized garage doors (4 in the rear and 1 on the side) allowing for a seamless access & workflow. Currently utilized for light bus/truck repair, this building is built to handle demanding industrial operations. Building 2 is (2400sf) perfectly suited for heavy repairs and secondary operations. This building features (2) 13 foot garage doors in the front and a 40 X 30 concrete pad in the back. The layout supports flexible mechanical work, storage & repairs. There is also a large trailer on site offering about 1000 sf of office space. The lot in between offers expansive yard area for parking, equipment, vehicle & material storage. This is a rare combination of newer construction, functional layout & outdoor space in a strategic Morris county location with easy access to major highways. Please note this listing consists of Block 00008 and Lots 28, 29, 30 sold as one unit.

Investment highlights

  • Approximately 2.3 acres with 2 buildings totaling 7,400 sq ft
  • Building 1: 5,000 sq ft newer construction (2019), designed for heavy duty use
  • Building 1 features: 3 phase electric, efficient radiant heat, 5 oversized garage doors (4 rear, 1 side)
  • Building 2: 2,400 sq ft with (2) 13 foot garage doors in front and 40x30 concrete pad in back
  • Large trailer on site offering about 1,000 sq ft of office space
  • Expansive yard area for parking, equipment, vehicle & material storage
  • 7 overhead doors total, 25 foot ceiling height
  • Handicapped access, kitchen area, private restrooms
  • Drive-in doors for loading
  • Floor load capacity: 80,000 lbs
  • 240 volt electrical service
  • 24 parking spaces (blacktop and crushed stone)
  • Public water and sewer
  • Easy access to major highways

Listing Contacts

CE

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$160,884.00
$13,407.00/mo

Valuation Metrics

0
DSCR
4.35%
Cap Rate
4.35%
ROI

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Additional Information

Name
Christine Eyrich
License
8738289
Brokerage
Weichert Realtors
Brokerage Phone
9735842300
Title
Real Estate Sales Rep
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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