For Sale
$2,300,000

122-128 11Th StNewark, NJ 07107

±30,000 SF Warehouse, Redevelopment Zone

Overview

Added:
Dec 11, 2024
Days on market:
117
This ±30,000 square foot, two-story warehouse in Newark, NJ, presents a compelling investment opportunity. The property features a drive-in ramp providing access to a fully usable basement, with car-sized ramps to each floor, including the roof. Two large drive-in doors offer convenient access, one leading to the first floor and the other to the basement/garage space. Ceiling heights range from 9 to 10 feet, supported by 24' x 24' mushroom columns. Situated on a ±0.23-acre lot (Block 1926, Lot 18) in a redevelopment zone (R-4), this flex, manufacturing, and warehouse space offers significant potential. 2022 taxes were $11,731.04. The property's convenient location offers easy access to public transportation, including the NJ Transit Bus 41, and major highways such as I-78 (approx. 6 miles), I-2 (approx. 11.5 miles), I-280 (approx. 0.8 miles), and I-95 (approx. 4.8 miles). Its proximity to Port Newark, Newark Airport, Penn Station Plaza (approx. 3.1 miles), and New York City adds to its strategic value. Previous tenant was an industrial auto parts business. Asking price is $2,300,000.

Highlights

  • ±30,000 SF, two-story warehouse on a ±0.23-acre lot in Newark, NJ.
  • Features a drive-in ramp with access to a full basement and car-sized ramps to each floor, including the roof; two large drive-in doors.
  • Ceiling heights range from 9 to 10 feet with 24' x 24' mushroom columns.
  • Located in a redevelopment zone (R-4), ideal for flex, manufacturing, or warehouse use. 2022 taxes: $11,731.04.
  • Excellent access to major highways (I-78, I-2, I-280, I-95), Port Newark, Newark Airport, Penn Station Plaza, and NYC. Minutes from NJ Transit Bus 41.
  • Asking price: $2,300,000.

Property Details for 122-128 11Th St

Property type
Warehouses, Industrial properties

Location Insight

City
Newark
County
Essex
State
New Jersey
Latitude
40.75945
Longitude
-74.192336
122-128 11Th St, Newark, New Jersey

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122-128 11Th St
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