Manufacturing Facility with Drive-In
For Sale
Contact for pricing
123 Manchester Pl, Newark, NJ 07104
MX2-zoned industrial building with production, storage, refrigeration, office, and employee support areas.
Property Size16,837 SF
Price / SF$0.92
Days on Market82
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Property Features for 123 Manchester Pl
General Information
Standard status
Active
Size
16,837 SF
Building Details
Year Built
1950
Listing Agency:
ROSA AGENCY
Listed By:
MANUEL ROSA JR
(973) 751-1000
Source:
Goldstandardrealty
Added: Jul 26
Changed: Oct 4
Last Checked: Oct 7 at 3:40PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ROSA AGENCY
Investment Insights
Based on property information with market context.
This 16,837-square-foot manufacturing property occupies approximately 1 acre in Newark’s MX2 zone. The existing layout includes about 3,100 square feet of office space, with remaining areas configured for production, packaging, assembly, storage, warehousing, and refrigeration/freezers. Employee amenities include lockers, a kitchen and eating area, and multiple lavatories serving office and labor areas. The building has 800 amp, 3 phase electric service and four drive-in doors.
The property has supported bakery product manufacturing for 40+ years. A striped parking lot provides 9 spaces, while additional area accommodates loading and unloading vehicles and trucks. City water and sewer serve the site. Branch Brook Park offers a walking connection to light rail, and access is available to Routes 3 and 21, I-280, I-78, the New Jersey Turnpike (I-95), and the Garden State Parkway.
The property has supported bakery product manufacturing for 40+ years. A striped parking lot provides 9 spaces, while additional area accommodates loading and unloading vehicles and trucks. City water and sewer serve the site. Branch Brook Park offers a walking connection to light rail, and access is available to Routes 3 and 21, I-280, I-78, the New Jersey Turnpike (I-95), and the Garden State Parkway.
Key Highlights
- 16,837 SF manufacturing building on 1 acre in MX2 zone
- About 3,100 SF of office space with production, packaging, assembly, and storage areas
- 800 amp, 3 phase electric service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$203,839
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,076,780
$4.1M
Cap Rate 7%
$2,911,986
$2.9M
Cap Rate 9%
$2,264,878
$2.3M
Market Conditions
NOI Build-Up for 16,837 SF
Gross rent
$309.1K $18.36/SF
− Vacancy
−$17.9K −$1.06/SF
EGI
$291.2K $17.30/SF
− OpEx
−$87.4K −$5.19/SF
NOI
$203.8K $12.11/SF
Area
ZIP 07104
Vacancy
5.80%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,076,780
Cap Rate 7%
$2,911,986
Cap Rate 9%
$2,264,878
Alternative Uses
Best Use
Warehouse
$3.54M
$3.09M – $4.13M
NOI $247,518 @ 7.0% cap · market cap 1,603.72%
Second Best
Industrial
$2.91M
$2.55M – $3.40M
NOI $203,839 @ 7.0% cap · market cap 1,320.71%
Theoretical Best
Office A
$5.33M
$4.66M – $6.21M
NOI $372,804 @ 7.0% cap · market cap 2,415.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
1,316
Businesses Nearby
Explore this area
Business Placement
Demographics for 07104, NJ
54,051
Population
21,762
Households
2.5
Avg Household Size
35
Median Age
21%
College-Educated
71%
High-School Grad
2.5 sq mi
ZIP Area
21,620
Density / Sq Mi
$51,199
Median Household Income
$36,139
Median Earnings
$1,343
Median Rent
$337,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Manufacturing property - MX2-zoned industrial building with production, storage, refrigeration, office, and employee support areas.
Where is this manufacturing property located?
The property is located at 123 Manchester Pl Newark, NJ.
What are key features of this property?
This property features: 16,837 SF manufacturing building on 1 acre in MX2 zone; About 3,100 SF of office space with production, packaging, assembly, and storage areas; 800 amp, 3 phase electric service
