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    245-249 Verona Ave Newark, NJ 07104

    Sponsored
    For Sale
    $2,950,000

    COMMERCIAL - Newark, NJ

    Lot size:
    0.20 Acres
    Days on Market:
    2
    Last Refresh:
    Jan 6 at 4:06 pm

    Property Features for 245-249 Verona Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement
    APN
    14-00849-0000-00039
    Parking
    5
    Parking features
    On Street
    Exterior features
    Dock Height
    Basement
    Full, Walk-Out Access
    Lot size
    0.20 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Floors in Building
    3
    Building materials
    Brick
    Roof type
    Flat

    Keller Williams Realty East Monmouth (732) 704-4033 [email protected]

    Listing agent Michael Gruosso (732) 704-4033

    Listing date Jan 5, 2026

    Copyright © 2026 Monmouth Ocean Regional Realtors and Monmouth Ocean Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Newark Commercial Building For Sale

    This is a 17,360 square foot commercial building located in the Forrest Hill section of Newark, New Jersey, offering convenient access to McCarter Highway Route 21. The building features three floors: the first floor spans 6380 square feet, the second floor offers 6090 square feet, and the third floor comprises 4890 square feet, in addition to a rooftop area. A loading dock services the first and second floors, while forklift access is available through the rear of the building. A service elevator is located in the back of the building, offered as-is. The property benefits from an abundant amount of electric power with 240v, 3 phase, split service to each rentable floor or unit. Each floor features very high ceilings. The building includes a drive-in garage, office area, conference room, and a kitchenette lounge area with two balconies overlooking the back of the building. There is one rollup door garage in the front and one drive-in garage on the lower basement level. The HVAC system has been updated.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Self Storage, Moving USA, Self-Storage at U-Haul, Extra Space Storage, Life Storage

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.164321
    Latitude
    40.782614

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    FAQs

    What type of property is this?
    Warehouse - 17,360 sqft commercial building in Newark's Forrest Hill section.
    Where is this warehouse located?
    The property is located at 245-249 Verona Ave Newark, NJ.
    What is the asking price?
    The asking price for this property is $2,950,000.
    What are key features of this property?
    This property features: - 17,360 sqft building with three floors and rooftop access.; - Easy access to McCarter Highway Route 21.; - Loading dock servicing the 1st and 2nd floors.
    (732) 704-4033
    Request Owner's contact information
    245-249 Verona Ave Newark, NJ 07104
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    Newark, NJ 07104
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    245-249 Verona Ave Newark, NJ 07104
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