Commercial Building with Parking
209-211 Central East Newark, NJ 07029
209-211 Central, East Newark, NJ, 07029
$850,000
Pending
For Sale
$850,000
Pending
6,000 SF commercial/industrial building with parking, ideal for contractors.
Property Size6,000 SF
Lot Size0.07 Acres
Days on Market104
Property Features for 209-211 Central
General Information
- Standard status
- Pending
- Size
- 6,000 SF
- Lot size
- 0.07 Acres
- Property subtype
- Commercial
Listing Agency
COCCIA REALTY BETTER HOMES & GARDENS
(201) 997-7000
Listed by
JAN KWAPNIEWSKI
Source
Corcoran
Added: Apr 6 Checked: Jul 9 at 8:52 am
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 COCCIA REALTY BETTER HOMES & GARDENS
Investment Insights
Based on property information with market context.
This 6,000 sq ft commercial/industrial building, featuring two stories, is available for sale and includes adjacent parking. Each floor provides approximately 3,000 sq ft of space. The building includes high ceilings, concrete, and wood floors, along with a small freight elevator lift located in the rear. Previously used as a kitchen cabinet manufacturer, the property is suitable for contractors, light manufacturing, plumbers, electricians, or any business needing parking, workshop, storage, and office or showroom space. The open layout is designed for manufacturing or storage purposes and includes two lavatories. A small section currently serves as a kitchen cabinet showroom but can be easily removed. An alternative use could be conversion to mixed-use residential. Constructed with block and frame, the building features concrete flooring in most areas, along with 3-phase electric and gas heat. The property benefits from a parking easement from two adjacent properties along North 2nd St. The lot size is 42 x 75, with an additional 572 sq ft (22' to 16' wide x 43' deep) parking easement. The property is not in a flood zone.
Key Highlights
- 6,000 sq ft commercial/industrial building with adjacent parking
- Parking easement from 2 adjacent properties providing additional parking space
- High ceilings and open space suitable for manufacturing, storage, workshop, office, or showroom
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $82.1k | $13.68 |
| − Vacancy | −$5.0k | −$0.83 |
| EGI | $77.1k | $12.85 |
| − OpEx | −$27.0k | −$4.50 |
| NOI | $50.1k | $8.35 |
6,000 SF · lease $13.68/SF/yr · vacancy 6.10% · expense 35.00%
Alternative Uses
Best Use
Industrial
$1.81M
$1.58M – $2.11M
NOI $126,750 @ 7.0% cap · market cap 14.91%
Second Best
Flex RnD
$715.7K
$626.2K – $835.0K
NOI $50,098 @ 7.0% cap · market cap 5.89%
Theoretical Best
Warehouse
$2.17M
$1.90M – $2.53M
NOI $152,086 @ 7.0% cap · market cap 17.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Manufacturing properties
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FAQs
What type of property is this?
Manufacturing property - 6,000 SF commercial/industrial building with parking, ideal for contractors.
Where is this manufacturing property located?
The property is located at 209-211 Central East Newark, NJ.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 6,000 sq ft commercial/industrial building with adjacent parking; Parking easement from 2 adjacent properties providing additional parking space; High ceilings and open space suitable for manufacturing, storage, workshop, office, or showroom
