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Property profile & analytics
OFF-MARKET
Land

302-336 Shermen Ave Newark, NJ 07114

145,000 SF 2.49 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Total area 145,000 SF
Lot 2.49 ac (108,464 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
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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