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Property profile & analytics
OFF-MARKET
Warehouses

2 Avenue C Newark, NJ 07114

15,000 SF 0.23 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Warehouses
Total area 15,000 SF
Lot 0.23 ac (10,019 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
Current use
Occupant on record · Public records
  • SPIRITIST GROUP LOVE AND LIGHT Church Mosque
  • Grupo Espírita Amor E Luz Mosque
  • AV Hydraulics LLC General Contractor
  • Jazhill Auto Trading Car Dealership
  • M&M Business Consultant, LLC. Business Management Consultant
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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