122 11th St, Unit 128 Newark, NJ 07107-1118
- Industrial properties
- 0.23 lot acres
Current Use by Public Records
- Park Avenue Storage Co / Warehouse
Property Details for 122 11th St
- Construction
- BRICK
- Lot size
- 0.23 lot acres
- Property type
- Industrial properties
- APN
- 14 01926-0000-00018
- APU
- 1401926000000018
Description
Exceptional investment opportunity: This 30,000 square foot, two-story warehouse at 122 North 11th Street, Newark, NJ 07107, is offered at $2,200,000. Situated on a 0.23-acre lot (Block 1926, Lot 18) in Essex County, this property boasts 9' and 10' ceiling heights with 24' x 24' mushroom columns. The building features two large drive-in doors, one accessing the first floor and another leading to a fully usable basement/garage space. A drive-in ramp provides convenient access to both floors, extending even to the roof. Currently used for industrial auto parts storage, this warehouse is zoned R-4, offering significant redevelopment potential. Annual property taxes were $11,731.04 in 2022. Conveniently located, it's a one-minute walk from the NJ Transit Bus 41 stop, providing easy access to Orange, East Orange, and Newark. This property presents a rare chance to acquire a substantial warehouse in a desirable Newark location. The versatile space and prime zoning make it ideal for a variety of industrial uses or redevelopment projects. Don't miss this opportunity to own a piece of Newark's thriving industrial sector.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $465,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Newark
- County
- Essex
- State
- New Jersey
- Longitude
- -74.1923
- Latitude
- 40.7594
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
