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    447 Ferry St Newark, NJ 07105

    For Lease
    Contact for pricing

    Large Industrial Building, Two Units Available

    Lot size:
    635,482 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 635,482 square foot industrial flex building in Essex County offers two immediately available units perfect for a variety of uses. Recently renovated, the property boasts significant capital improvements including new roofs, exterior paint, common areas, signage, windows, loading facilities, elevators, and parking areas. The building sits on a generous 13.5-acre lot and features a single building with heavy power capabilities. Unit one comprises 46,517 square feet, offering three tailgates, six drive-ins, parking for 10-20 trailers, and a 24-foot clear ceiling height. Unit two encompasses 21,000 square feet, including four loading docks, heavy power, and a 10-15-foot clear ceiling height. The property includes a total of four loading docks. The building is currently available for lease. Taxes are $3.01 per square foot, and CAM charges are $1.85 per square foot. This is a rare opportunity to secure high-quality industrial space in a desirable location with excellent access and ample parking. Don't miss out on this chance to lease in a recently upgraded facility with significant improvements. Inquire today for lease rates and further details.

    Property Features for 447 Ferry St

    General Information

    Property type
    Flex space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    635,482 SF

    Building Details

    Buildings
    1

    Unit(s) available at that property

    Space
    Size
    27,000 SF

    HighLights

    • 635,482 SF industrial flex building on 13.5 acres in Essex County.
    • Single‑tenant occupancy; 27,000 SF currently vacant.
    • Recently renovated with roof, exterior, common areas, signage, windows, loading, elevators, and parking upgrades.
    • Available spaces: 46,517 SF (3 tailgates, 6 drive‑ins, 24' ceilings) and 21,000 SF (4 docks, heavy power, 10‑15' ceilings).
    • Features 24' ceiling height (in larger space), 4 loading docks, and heavy power.
    • Taxes: $3.01 PSF; CAM: $1.85 PSF.
    Property Profile Location Intelligence

    Current Use by Public Records

    Compton Siding & Roofing ... Roofing Contractor

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.1426796
    Latitude
    40.730366

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    FAQs

    What type of property is this?
    Flex space - Large Industrial Building, Two Units Available
    Where is this flex space located?
    The property is located at 447 Ferry St Newark, NJ.
    What are key features of this property?
    This property features: 635,482 SF industrial flex building on 13.5 acres in Essex County.; Single-tenant occupancy; 27,000 SF currently vacant.; Recently renovated with roof, exterior, common areas, signage, windows, loading, elevators, and parking upgrades.
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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
    447 Ferry St Newark, NJ 07105
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