Current Use by Public Records
- Warehouses
Property Details for 668 Ferry St
- Year built
- 9999
- Property type
- Warehouses
- Property subtype
- Land
Description
This exceptional investment opportunity presents a 1-story, 7.5 million dollar warehouse situated on a sizable land parcel at 668 Ferry Street, Newark, New Jersey, 07105. The property boasts a strategic location within Essex County, offering easy access to major transportation arteries. Currently generating income through a lease with an established trucking company, and further enhanced by a billboard on the property, this asset presents a compelling return. The property's clean environmental record is a significant advantage for potential investors. The building itself is a single-story structure, built in an unspecified year. The property is classified as both commercial and warehouse space, and is currently not subdivided into individual units. Given the existing lease and billboard revenue, this property offers a strong foundation for immediate cash flow. The asking price is $7,500,000. Prospective buyers are advised to conduct their own due diligence. Please note that tenants should not be disturbed. This is a rare opportunity to acquire a well-located, income-producing industrial property in a thriving New Jersey market. The property's current use and income stream make it an attractive investment for those seeking a stable and profitable asset.
Value Estimations
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AI approach
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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
- -74.1324
- Latitude
- 40.7333
