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    891 Newark Ave Elizabeth, NJ 07208

    Sponsored
    For Lease
    Contact for pricing

    Modern Refrigerated Warehouse, Port Market Access

    Lot size:
    299,999 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    The Elizabeth Metropolitan Logistics Center, located at 891 Newark Ave, Elizabeth, NJ 07208, presents a rare opportunity to lease premier industrial space in the thriving Port Market submarket. This state-of-the-art facility, completed in 2024, boasts two single-story buildings totaling 299,999 square feet, offering flexible lease options. Two spaces are currently available, one measuring 103,912 square feet and the other 196,087 contiguous square feet, making it ideal for a variety of distribution and cold storage needs. The facility features a generous 40-foot ceiling height, 53 loading docks, and ample parking with 258 spaces. Situated on a 19.75-acre lot, this strategically located property provides easy access to major transportation arteries, including Newark Liberty International Airport, Port Newark, and the New Jersey Turnpike Interchange 13A. Its convenient location just minutes from Manhattan's access points makes it an unparalleled opportunity for businesses seeking efficient logistics and distribution solutions. The property's modern design and ample space ensure optimal operational efficiency and scalability for your business. Contact us today to learn more about this exceptional opportunity.

    Property Features for 891 Newark Ave

    General Information

    Property type
    Refrigerated & Cold Storages
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    299,999 SF

    Building Details

    Year Built
    2024
    Buildings
    2
    Stories
    1

    Unit(s) available at that property

    Space
    Building 2
    Size
    196,087 SF
    Space
    Building 1
    Size
    103,912 SF

    HighLights

    • Building 1: 103,912 square feet.
    • Building 2: 196,087 square feet.
    • Total building area: 300,000 square feet (approximately).
    • Certificate of Occupancy issued November 1, 2024.
    • Equipped with an ESFR sprinkler system.
    • Loading docks: 53 truck bays, 2 drive‑in doors.
    Property Profile Location Intelligence

    Current Use by Public Records

    South Atlantic Logistics Logistics Service Trans Rail Warehouse Warehouse United Fibers Trading ... Recycling Center Mack Transport Services Transportation Service J J & J ... Trucking Company

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Elizabeth
    County
    Union
    State
    New Jersey
    Longitude
    -74.2062848
    Latitude
    40.6838757

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    FAQs

    What type of property is this?
    Refrigerated / Cold Storage - Modern Refrigerated Warehouse, Port Market Access
    Where is this refrigerated / cold storage located?
    The property is located at 891 Newark Ave Elizabeth, NJ.
    What are key features of this property?
    This property features: Building 1: 103,912 square feet.; Building 2: 196,087 square feet.; Total building area: 300,000 square feet (approximately).
    Request Owner's contact information
    891 Newark Ave Elizabeth, NJ 07208
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    Elizabeth, NJ 07208
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    891 Newark Ave Elizabeth, NJ 07208
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