122 11Th St Newark, NJ 07107

Exceptional investment opportunity: This 30,000 square foot, two-story warehouse at 122 North 11th Street, Newark, NJ 07107, is offered at $2,200,000. Situated on a 0.23-acre lot (Block 1926, Lot 18) in Essex County, this property boasts 9' and 10' ceiling heights with 24' x 24' mushroom columns. The building features two large drive-in doors, one accessing the first floor and another leading to a fully usable basement/garage space. A drive-in ramp provides convenient access to both floors, extending even to the roof. Currently used for industrial auto parts storage, this warehouse is zoned R-4, offering significant redevelopment potential. Annual property taxes were $11,731.04 in 2022. Conveniently located, it's a one-minute walk from the NJ Transit Bus 41 stop, providing easy access to Orange, East Orange, and Newark. This property presents a rare chance to acquire a substantial warehouse in a desirable Newark location. The versatile space and prime zoning make it ideal for a variety of industrial uses or redevelopment projects. Don't miss this opportunity to own a piece of Newark's thriving industrial sector.