460 Ferry StNewark, NJ 07105

Property Details for 460 Ferry St

Construction

CONCRETE BLOCKS

Lot size

0.11 AC

Property type

Commercial real estate

APN

14 02475-0000-00019

APU

1402475000000019

Description

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.

Location Insight

City

Newark

County

Essex

State

New Jersey

Latitude

40.7312

Longitude

-74.1423

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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