NJ > Hackensack
Hackensack, NJ 07601,17 Mercer ST
Hackensack, NJ 07601,17 Mercer ST
Hackensack, NJ 07601,17 Mercer ST
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Listed by Vincent Stanson Berkshire Hathaway Home Services Abbott Realtors
$2,999,000
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17 Mercer ST Hackensack, NJ 07601

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Jonathan Greene

Jonathan Greene

+1(973) 873-0734

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Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 25025288

Style Industrial

Property Sub-Type Industrial

Property Description

Prime Development Opportunity in Hackensack!! This approved, shovel-ready project offers a rare chance to invest in a fully entitled 6-story building totaling 35,060 sq ft. Approvals are ready to be handed over along with construction documents, Benefit from a 5-year hold strategy with a projected 18%+ IRR and a 1.90x targeted equity multiple. The site also qualifies for a tax abatement and offers cost segregation benefits. A local, experienced property management team is in place to ensure smooth operations upon completion. Located in a rapidly growing market with strong demand for new development, this is a turn-key opportunity for investors seeking scale, efficiency, and high yield in one of Bergen County’s most active urban centers.

Location

State NJ

County Bergen

Interior

Heating Central Air, Other/See Remarks, Other Fuel Source/See Rmk

New Jersey MLS (NJMLS)

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agent

Jonathan Greene

Team Leader | License ID: 1433604

+1(973) 873-0734

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