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Property profile

169 Frelinghuysen Ave Newark, NJ 07114

OFF-MARKET
Warehouses
10,500 SF 0.16 ac lot Built 1960
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Property summary

AI-generated overview

This exceptional industrial property, located at 169-171 Frelinghuysen Avenue in Newark, Essex County, New Jersey, presents a compelling investment opportunity. The 10,500 square foot warehouse, built in 1960, sits on a 0.16-acre lot and boasts a desirable industrial zoning designation. The building features a spacious layout including approximately 8,500 square feet of warehouse space and approximately 2,000 square feet of mezzanine office space on the second floor. High ceilings, measuring 18 feet, provide ample vertical space for storage and operations. Efficient loading is ensured with three loading docks: two interior truck bays and one drive-in dock. The property also includes off-street parking. The asking price is $2,650,000, translating to $165 per square foot. Annual property taxes for 2023 were $47,681.12. This well-located Newark warehouse offers significant potential for a variety of industrial uses. The property's size, features, and location make it an attractive option for businesses seeking a functional and strategically positioned space in a thriving industrial area. The zip code is 07114.

Property profile

Verified
Property type Warehouses
Year built 1960
Total area 10,500 SF
Lot 0.16 ac (6,970 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Freight Service Logistics Company

Location

169 Frelinghuysen Ave Newark, NJ 07114
Newark metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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