122-128 11Th St Newark, NJ 07107
- Warehouses
Current Use by Public Records
- Warehouses
Property Details for 122-128 11Th St
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This ±30,000 square foot, two-story warehouse in Newark, NJ, presents a compelling investment opportunity. The property features a drive-in ramp providing access to a fully usable basement, with car-sized ramps to each floor, including the roof. Two large drive-in doors offer convenient access, one leading to the first floor and the other to the basement/garage space. Ceiling heights range from 9 to 10 feet, supported by 24' x 24' mushroom columns. Situated on a ±0.23-acre lot (Block 1926, Lot 18) in a redevelopment zone (R-4), this flex, manufacturing, and warehouse space offers significant potential. 2022 taxes were $11,731.04. The property's convenient location offers easy access to public transportation, including the NJ Transit Bus 41, and major highways such as I-78 (approx. 6 miles), I-2 (approx. 11.5 miles), I-280 (approx. 0.8 miles), and I-95 (approx. 4.8 miles). Its proximity to Port Newark, Newark Airport, Penn Station Plaza (approx. 3.1 miles), and New York City adds to its strategic value. Previous tenant was an industrial auto parts business. Asking price is $2,300,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Newark
- County
- Essex
- State
- New Jersey
- Longitude
- -74.1923
- Latitude
- 40.7594
