228 Miller StNewark, NJ 07114

For Sale
$899,000 View listing
  • Commercial real estate
  • 0.06 AC

Property Details for 228 Miller St

Construction
CONCRETE BLOCKS
Lot size
0.06 AC
Property type
Commercial real estate
APN
14 01179-0000-00075
APU
1401179000000075

Description

This exceptional industrial property, located at 228 Miller Street in Newark, New Jersey, presents a compelling investment opportunity. The ±5,000 square foot building sits on a ±0.06-acre lot (25' x 100'), offering ample space for various industrial uses. The property features a two-story structure with a basement, providing versatile storage and operational areas. Ceiling heights range from 10 to 12 feet, accommodating a variety of equipment and processes. The building benefits from two loading bays, simplifying logistics and material handling. Heating is provided by a gas suspended system. The property is zoned I-2, allowing for a range of industrial applications. The 2022 property taxes were $5,364.90. This prime location in Essex County, New Jersey, offers easy access to major transportation routes, making it an ideal choice for businesses seeking efficient operations and strategic distribution. The property's size, features, and zoning make it suitable for a variety of manufacturing and warehousing needs. This is a rare opportunity to acquire a well-located industrial property in a thriving market. The address is 228 Miller Street, Newark, NJ 07114.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $473,098
    Hospitality
    $433,355
    Educational
    $360,546
    Medical
    $372,946
    Retail
    $560,850
228 Miller St, Newark, New Jersey

Location Insight

City
Newark
County
Essex
State
New Jersey
Latitude
40.7178
Longitude
-74.1768
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$5,365
$87,500
$56,100
$143,600
-
$87,500
$56,100
$143,600

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