3,962 SF Industrial/Development Building For Sale

109 71st Street Guttenberg, NJ 07093

109 71st Street, Guttenberg, NJ, 07093
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FOR SALE
Property Type:
Factory
Amount:
$725,000
Last Verified:
Mar 07, 2024

Highlights

  • 3,962 SF Industrial Manufacturing Building
  • Open Floor Plan Concept
  • Lot Size: 3,964 SF
  • 6-10 Unit Multi-family Development Opportunity
  • P8perty Can be sold "Subject to Obtaining Approvals to Build"
  • Thriving Area of New Developments All Over
  • R-1 Zoning - Low Density Housing

Description

The Elia Realty Group and KW Commercial are proud to present an exciting new opportunity to own a piece of Guttenberg, NJ! The property sits with a current 4,000 SF industrial maufacturing building on it and is flat at ground level with an approx. 4,000 SF lot size.

Guttenberg (/ˈɡʌtənbɜːrɡ/ GUT-ən-burg) is a town in the northern part of Hudson County, in the U.S. state of New Jersey. In the 2020 Census, it was the most densely populated incorporated municipality in the United States, as well as one of the most densely populated municipalities worldwide, with 57,116 inhabitants per square mile (22,053/km2) of land area.[19] Only four blocks wide, Guttenberg has been variously ranked as the ninth-smallest municipality in the state (based on data from the U.S. Census Bureau) or as the state's seventh-smallest municipality (based on data from the New Jersey Department of Environmental Protection).

As of the 2020 United States census, the town's population was 12,017, an increase of 841 (+7.5%) from the 2010 census count of 11,176, which in turn reflected an increase of 369 (+3.4%) from the 10,807 counted in the 2000 census.[24] As of the 2010 Census, almost one-fifth of the town's population resided in the Galaxy Towers, a trio of residential skyscrapers overlooking the Hudson River.

The current population growth and density in Guttenberg represents a significant change since 1983, when it was described by The New York Times, as "an old community of two-story row houses, small stores and light industry." Based on data from the 2017 Population Estimates Program showing that the town had a population density of 58,800 inhabitants per square mile (22,700/km2), the highest in the state, Dave Sheingold of Northjersey.com described Guttenberg as "America's most crowded place".


Year Built: 1920
Building Size: 3962sq ft
Lot Size: 0.09 acres


Documents

Offering Memorandum

Map of 109 71st Street, Guttenberg, NJ, 07093

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.