Great opportunity to own a classic urban warehouse in a market with limited and diminishing industrial supply. This approximately 38,000 square foot warehouse is located on .38 acres in the West New York, in an I-L zone which allows for many uses such as, distribution, manufacturing and food distribution. Currently, the property is broken down into 8 distinct commercial spaces, 2 of which are vacant. Each unit has its own separate electric meter and is heated by an oil boiler. The building is serviced by one common loading doc larger enough for an 18 wheeler to make deliveries.
The property is located 1 mile from New York City, 2 Miles to the NJ Turnpike and 10 Miles from Newark Airport making this an ideal distribution center and warehouse. Through modernization and care the new owner can capitalize on under-market rents and fill vacancies and turn this into a well run high yielding investment. This property is also great for an owner user looking to purchase a building for its business and collect rent at the same time.