Current Use by Public Records
- SPIRITIST GROUP LOVE AND LIGHT / Church / Mosque
- Grupo EspÃrita Amor E Luz / Mosque
- AV Hydraulics LLC / General Contractor
- Jazhill Auto Trading / Car Dealership
- M&M Business Consultant, LLC. / Business Management Consultant
Property Details for 2 Avenue C
- Lot size
- 0.23 lot acres
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional 15,000-square-foot warehouse in Newark, New Jersey, presents a compelling investment opportunity. Located on a 0.23-acre lot in the Ironbound section of the city, this property boasts a strategic location ideal for various industrial uses. The building features two dock-high doors providing convenient access, and offers a unique layout with two distinct warehouse spaces. One 5,000-square-foot area features 14-foot ceilings, while the other 5,000-square-foot space offers impressive 29-foot ceilings. The property also includes an additional 5,000 square feet of second-floor space. Existing improvements include heavy power, a crane, compressors, and a paint booth, along with office space. The MX-2 (Mixed-Use-Medium-Density Res/Comm/Ind) zoning allows for a wide range of industrial applications, including truck terminal repair and maintenance, retail showrooms for construction equipment and parts, manufacturing, and various retail businesses. Annual property taxes are $15,590.50. The seller may consider financing options for qualified buyers. This property offers immediate occupancy and represents a rare chance to acquire a well-equipped warehouse in a thriving Newark location.
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
- -74.1717
- Latitude
- 40.7205
