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Ironbound Garages and Parking
For Sale
$1,200,000
Pending

548 Ferry St, Newark, NJ 07105

Two garages plus parking in Newark's Ironbound neighborhood.

Property SizeContact for details
Lot Size0.06 Acres
Days on Market167

Property Features for 548 Ferry St

General Information

Standard status Pending
Lot size 0.06 Acres
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $6,811

Building Details

Year Built 9999
Units 1
Listing Agency: Rosa Agency Ironbound LLC
Listed By: EVANEA MIRANDA
Source: Elliman
Added: Mar 11 Changed: Aug 8 Last Checked: Aug 23 at 8:18AM

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 Ironbound LLC

Investment Insights

Based on property information with market context.

Located in the Ironbound section, this property features two large garages and additional parking for up to eight cars. The lot measures approximately 30x87. The property is to be sold as a package deal with the property at 550 Ferry St.

Key Highlights

  • Two large garages offer ample space.
  • Additional parking for up to eight cars.
  • Located in the desirable Ironbound section.

Property Analytics

Current Use

Parking lots & garages

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith Catering Service Nursing Home Fish Market Plumbing Service

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

1,079
Businesses Nearby
15k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Shops & Services 55% Groceries 25% Home Improvements & Furnishings 20%
Dollar General Shops & Services
5,604 visits/mo 0.2 miles
Met Food Groceries
3,890 visits/mo 0.1 miles
Sherwin-Williams Paint Store Home Improvements & Furnishings
3,104 visits/mo 0.2 miles
Phillips 66 Shops & Services
2,783 visits/mo 0.4 miles

Demographics for 07105, NJ

50,870
Population
20,608
Households
2.5
Avg Household Size
35
Median Age
15%
College-Educated
70%
High-School Grad
4.6 sq mi
ZIP Area
11,059
Density / Sq Mi
$55,752
Median Household Income
$33,175
Median Earnings
$1,600
Median Rent
$445,900
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Parking lot & garage - Two garages plus parking in Newark's Ironbound neighborhood.
Where is this parking lot & garage located?
The property is located at 548 Ferry St Newark, NJ.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Two large garages offer ample space.; Additional parking for up to eight cars.; Located in the desirable Ironbound section.
More about this property
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