SOLD! 30,622± SF Commercial Industrial Property on a 15.63 Acre Lot on US Route 9

  • $4,750,000
711 N New Rd, Pleasantville, NJ, USA

SOLD! 30,622± SF Commercial Industrial Property on a 15.63 Acre Lot on US Route 9

711 N New Rd, Pleasantville, NJ, USA
  • $4,750,000

Overview

  • Industrial / Warehouse, Investment
  • Property Type
  • Address 711 N New Rd, Pleasantville, NJ, USA
  • State/county New Jersey
  • Zip/Postal Code 08232

Details

Updated on January 18, 2024 at 11:20 am
  • Price: $4,750,000
  • Year Built: 1986
  • Property Type: Industrial / Warehouse, Investment
  • Property Status: Sold
  • Building SqFt: 30,622
  • Block #: 165
  • Lot #: 5
  • Ceiling Height: 21'±
  • Lot Size: 15.63 Acres
  • Number of Washrooms: 4
  • Number of Buildings: 1
  • Number of Units: 1
  • Number of Overhead Doors: 10
  • Number of Stories: 1
  • Office SqFt: 8,622
  • Warehouse SqFt: 22,000
  • Parking Type: Paved Lot
  • Frontage: 677'
  • Zoning: GC - General Commercial UEZ
  • Total Assessment: $3,218,700
  • Assessed Land Value: $2,320,500
  • Improvement Value: $898,200
  • Tax: $158,907
  • Tax Year: 2022
  • Air Conditioner: Central Air
  • Exterior Features: Fence, Truck Door(s)
  • Construction/Siding: Aluminum, Block
  • Heating: Forced Air
  • Interior Features: Fire Sprinkler System, Restroom(s)
  • Road Frontage: Highway
  • Roof: Pitched
  • Sewer: Public
  • Style: Commercial, Free-Standing
  • Water: Public

Description

SOLD! 30,622± sf Industrial Building with a lot size totaling 15.63 acres of cleared flat ground. Tremendous location on US Route 9 in Pleasantville NJ. This site provides direct access throughout the state sitting next to the Atlantic City Expressway with Garden State Parkway access less than 1.5 miles away. 119± miles to NYC, 55.6± miles to Philadelphia, 79± miles to Wilmington DE & 143± Miles to Baltimore MD. The building was originally built and continuously used as a bus maintenance and depot.

Warehouse portion is 22,000± sf with 10 drive through doors, five on each side of the building. All overhead doors measure 16’x15′ and the interior space is free spanning with a clearance of 21’± to the beams. One drive through lane has a ventilated maintenance pit and the rest of the space is a slab. Warehouse office with mezzanine above for additional storage.

The front of the building facing New Road (US 9) is 9,000± sf and used as office. This space is made of up two large training rooms, administrative offices, break room and men/women’s locker rooms.

Institutional style construction built for heavy use with a tremendous amount of additional infrastructure. Currently leased through October 31st, 2024. Details provided to qualified buyer.

711 N New Road is a designated Urban Enterprise Zone (UEZ) providing incentives for businesses.

Potential future development on the additional ground (buyer is responsible for confirming those details). A majority of the ground is paved parking for 350 buses in addition to the parking area for the office.

Call for marketing package.

All information is from sources deemed to be reliable; however, no warranty or representation is made as to the accuracy of the information provided herein by LEVIN Commercial Real Estate, LLC. (its principals, employees or agents). All information is submitted subject to errors, omissions or changes of availability and/or terms, which may be changed without liability upon discovery or notice. Many factors affect property value and the prospect agrees to take full responsibility for adequately investigating any potential conditions that may affect their ownership or usage of the property. All are advised and expected to retain competent advice for legal, financial, construction, architectural, engineering or appraisal matters, or any similar expertise, as LEVIN Commercial Real Estate, LLC. is a real estate brokerage firm and does not represent itself as a qualified professional in any other discipline.

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Joshua Levin, CCIM
  • Joshua Levin, CCIM