Listing Agency: Weichert Commercial Brokerage Inc Morris Plains

Listed By: Maria Lima · License #NJ 1436077

Source: Crexi

Added: Mar 26 Changed: Sep 11 Last Checked: Sep 19 at 8:25AM

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Investment Insights

Based on property information with market context.

Available for sale is a 14,500 square foot parcel of vacant land located in Newark, New Jersey. The property is situated on Evergreen Avenue, offering excellent access. The location is suitable for studio production, heavy construction, trucking, and towing operations.

Key Highlights

• 14,500 sq. ft. of vacant land
• Ideal location for studio production, heavy construction, trucking usages, and towing
• Located in Newark, NJ

Property Analytics

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Current Use

Industrial land

Suggested Use

Top Pick Dental Office Law Firm Skin Care Clinic Electrical Service (Bike/Boat/Book/etc) Store Real Estate Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

474

Businesses Nearby

Explore this area Business Placement

Demographics for 07114, NJ

17,767

Population

4,694

Households

3.8

Avg Household Size

39

Median Age

9%

College-Educated

69%

High-School Grad

7.9 sq mi

ZIP Area

2,249

Density / Sq Mi

$34,167

Median Household Income

$35,916

Median Earnings

$616

Median Rent

$384,700

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this industrial land located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Industrial land - 14,500 SF vacant land suitable for various industrial uses.

Where is this industrial land located?

The property is located at 49-55 Evergreen Avenue Newark, NJ.

What is the asking price?

The asking price for this property is $2,000,000.

What are key features of this property?

This property features: 14,500 sq. ft. of vacant land; Ideal location for studio production, heavy construction, trucking usages, and towing; Located in Newark, NJ