Four-Story Warehouse with Freight
For Sale
$3,000,000
54 Broadway, Newark, NJ 07104
Masonry construction, open floor plates, and a freight elevator define the building’s industrial configuration.
Property SizeContact for details
Days on Market50
Property Features for 54 Broadway
General Information
Standard status
Active
Property subtype
Mixed-Use
Site & Location
Neighborhood
Mt Pleasant
Amenities
40,000 SQFT Multistory Industrial Building
Located In C2 Zoning - As Of Right Can Be Built Mixed-Use Building With Residential Above Retail No Parking Required
Located Next To Broad Street Train Station Going Directly Into NY Penn Station
Current Occupied By Two Tenants But Can Be Delivered Vacant
Listing Agency:
Marcus & Millichap - New Jersey
Listed By:
Jonathan Zamora · License #License(s): NJ: 1222363
(201) 742-6121
Source:
Marcusmillichap
Added: Sep 16
Changed: Oct 26
Last Checked: Nov 3 at 3:09AM
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 Marcus & Millichap - New Jersey
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Investment Insights
Based on property information with market context.
The property includes a four-story masonry warehouse containing roughly 40,000 square feet on a 15,289.56-square-foot site, or approximately 0.35 acres. A freight elevator serves the building, while the primary floors offer broad open areas with timber and steel columns, exposed brick, and substantial window openings. The fourth level is divided into numbered storage bays and currently provides income-producing space; those partitions can be removed to restore an open floor plan. The building can be delivered vacant at closing and has most recently operated as an industrial warehouse.
The site occupies the intersection of Broadway and Crane Street, with additional frontage along Webster Street. Newark Broad Street Station is approximately four-tenths of a mile away, with connections to Newark Penn Station, Hoboken, Secaucus Junction, and Midtown Manhattan. Routes 21, 1&9, I-280, and the New Jersey Turnpike are all within minutes.
The site occupies the intersection of Broadway and Crane Street, with additional frontage along Webster Street. Newark Broad Street Station is approximately four-tenths of a mile away, with connections to Newark Penn Station, Hoboken, Secaucus Junction, and Midtown Manhattan. Routes 21, 1&9, I-280, and the New Jersey Turnpike are all within minutes.
Key Highlights
- Four‑story masonry warehouse with roughly 40,000 square feet
- 15,289.56‑square‑foot site, approximately 0.35 acres
- Open floor plates with timber and steel columns
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,983
Businesses Nearby
Balanced
Demand for This Use
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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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Market
Vacancy Rate% for Industrial in Northeast region
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Frequently Asked Questions
What type of property is this?
Warehouse - Masonry construction, open floor plates, and a freight elevator define the building’s industrial configuration.
Where is this warehouse located?
The property is located at 54 Broadway Newark, NJ.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Four‑story masonry warehouse with roughly 40,000 square feet; 15,289.56‑square‑foot site, approximately 0.35 acres; Open floor plates with timber and steel columns
