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Property profile & analytics
OFF-MARKET
Warehouses

212-222 Miller St Newark Newark, NJ 07114

13,500 SF
Property ID
Property summary
AI-generated overview

This exceptional multi-tenant industrial building, located in Newark's Ironbound submarket of Essex County, presents a unique investment opportunity. The 13,500-square-foot property boasts six individual units, each offering unparalleled flexibility. Units range in size from 1,750 square feet to 5,000 square feet, with the possibility of combining units for larger requirements. All units are currently vacant and immediately available for sale or lease. The building features seven loading docks, seven dock-high doors, and a convenient 14-foot ceiling height throughout. Two units are equipped with refrigeration capabilities, reaching temperatures as low as 30 degrees. Additional storage space is available in the basement and on the second floor. This prime location offers easy access to major highways, seaports, the airport, and New York City, making it an ideal distribution hub. Unit 222, a 5,000-square-foot space, is particularly noteworthy, featuring two tailboards and enclosed docks, spread across two levels. The building is classified as Class C and comprises two stories. This is a rare opportunity to acquire a well-situated, versatile industrial property in a thriving market.

Property profile
Verified
Property type Warehouses
Total area 13,500 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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