Current Use by Public Records
- Land
Property Details for 296 South St
- Lot size
- 2.00 lot acres
- Property type
- Land
- Property subtype
- Industrial properties
Description
This exceptional 2-acre industrial land parcel, located at 296 South Street in Newark, New Jersey, presents a significant investment opportunity. The property, encompassing Block 952, Lots 1, 16, 58, and 61, boasts convenient lot dimensions of approximately 428 feet by 205 feet. The site is fully improved with paved surfaces, perimeter fencing, and lighting, making it ideal for various industrial uses, including ample parking. The 2022 property taxes were approximately $80,529.49. This strategically located property offers unparalleled access to major transportation arteries. It's situated approximately 0.6 miles from US Highway 1 & 9, providing seamless connectivity to regional and national transportation networks. Furthermore, its proximity to Newark Liberty International Airport (approximately 4.7 miles) and the Holland Tunnel (approximately 8.4 miles) and Lincoln Tunnel (approximately 12.5 miles) ensures efficient logistics and accessibility for businesses requiring convenient access to major transportation hubs. The property's size, improvements, and strategic location make it an attractive investment for developers and businesses seeking a prime industrial site in the thriving Newark market. The asking price for this exceptional property is $14,999,999. This represents a unique opportunity to acquire a well-positioned industrial land parcel in a highly sought-after location.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Newark
- County
- Essex
- State
- New Jersey
- Longitude
- -74.1654
- Latitude
- 40.7205
