For Sale
$14,999,999

296 South StNewark, NJ 07114

Prime 2-acre industrial lot, excellent location.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional 2-acre industrial land parcel, located at 296 South Street in Newark, New Jersey, presents a significant investment opportunity. The property, encompassing Block 952, Lots 1, 16, 58, and 61, boasts convenient lot dimensions of approximately 428 feet by 205 feet. The site is fully improved with paved surfaces, perimeter fencing, and lighting, making it ideal for various industrial uses, including ample parking. The 2022 property taxes were approximately $80,529.49. This strategically located property offers unparalleled access to major transportation arteries. It's situated approximately 0.6 miles from US Highway 1 & 9, providing seamless connectivity to regional and national transportation networks. Furthermore, its proximity to Newark Liberty International Airport (approximately 4.7 miles) and the Holland Tunnel (approximately 8.4 miles) and Lincoln Tunnel (approximately 12.5 miles) ensures efficient logistics and accessibility for businesses requiring convenient access to major transportation hubs. The property's size, improvements, and strategic location make it an attractive investment for developers and businesses seeking a prime industrial site in the thriving Newark market. The asking price for this exceptional property is $14,999,999. This represents a unique opportunity to acquire a well-positioned industrial land parcel in a highly sought-after location.

Highlights

  • ±2.0-Acre Industrial Land Parcel in Newark, NJ.
  • Block 952, Lots 1, 16, 58, and 61.
  • Lot Dimensions: ±428' x 205'.
  • Improved with Paved Surfaces, Perimeter Fencing, and Lighting; Ample Parking.
  • 2022 Property Taxes: ±$80,529.49.
  • 0.6 Miles to US Hwy 1 & 9.

Property Details for 296 South St

Property type
Land, Industrial properties
Lot Size (sq. ft)
87,120 SF

Location Insight

City
Newark
County
Essex
State
New Jersey
Latitude
40.7205374
Longitude
-74.1653975
296 South St, Newark, New Jersey

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296 South St
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