Current Use by Public Records
- Land
Property Details for 302-336 Shermen Ave
- Lot size
- 2.49 lot acres
- Property type
- Land
- Property subtype
- Self storage facilities
Description
This exceptional industrial property, located at 302-336 Shermen Ave in Newark, New Jersey (07114), offers a substantial 145,000 square feet of space on a 2.49-acre lot. The property's versatile zoning (Light Industrial) makes it suitable for a variety of uses, including distribution, manufacturing, and warehousing. Its strategic location provides easy access to major highways, Newark Liberty International Airport, and the Port of Newark, offering significant logistical advantages. The building itself boasts desirable features such as a fully sprinklered system, three elevators, and two loading docks, ensuring efficient operations. The ample lot size allows for ample truck parking. The surrounding area includes a charter school, a nursing home, and existing self-storage facilities, indicating a thriving and diverse community. This property presents a rare opportunity to acquire a significant industrial asset in a prime New Jersey location. The property is zoned for light industrial use. The size and features of this property make it ideal for a variety of businesses seeking a strategic location with excellent infrastructure and accessibility.
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
- -74.1903
- Latitude
- 40.7139
