212-222 Miller St Newark Newark, NJ 07114
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.