For Sale
$750,000

460 Ferry St Newark, NJ 07105

Vacant Auto Shop, Redevelopment Zone, $750K

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a vacant 2,000 square foot auto shop located at 460-462 Ferry Street in Newark, New Jersey. Situated within Essex County's vibrant Ironbound section, this property offers significant potential for redevelopment. The building has been available for the first time in 40 years, presenting a unique chance to capitalize on its prime location. The property sits on a +/- 5,250 square foot lot and includes an additional 3,500 square feet of fenced parking, providing ample space for operations or future expansion. Its strategic placement within Newark's Riverfront Redevelopment Plan designates it as a prime candidate for various commercial ventures. The asking price is $750,000. This property is classified as retail, specifically an auto shop, and is currently vacant, allowing for immediate occupancy and customization to suit a buyer's specific needs. The property's location within a designated redevelopment zone and opportunity zone presents further incentives for investors seeking tax advantages and growth opportunities. This is a rare chance to acquire a well-positioned commercial property in a rapidly developing area of Newark. Serious inquiries are encouraged.

Highlights

  • Vacant 2,000 SF auto shop on a 5,250 SF lot with 3,500 SF of fenced parking in Newark, NJ's Ironbound section.
  • Asking price: $750,000.
  • Located in a designated redevelopment and opportunity zone, offering tax advantages.
  • First time on the market in 40 years, presenting significant redevelopment potential.
  • Prime location within Newark's Riverfront Redevelopment Plan.

Property Details for 460 Ferry St

Property type
Retail properties, Auto shops
Square Feet
2,000 SF

Location Insight

City
Newark
County
Essex
State
New Jersey
Latitude
40.7312036
Longitude
-74.1423238

FAQs

What type of property is this?
Retail property - Vacant Auto Shop, Redevelopment Zone, $750K
Where is the retail property located?
The property is located at 460 Ferry St Newark, NJ.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Vacant 2,000 SF auto shop on a 5,250 SF lot with 3,500 SF of fenced parking in Newark, NJ's Ironbound section.; Asking price: $750,000.; Located in a designated redevelopment and opportunity zone, offering tax advantages.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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460 Ferry St
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