327-347 1St St, Elizabeth, NJ 07206
For Lease
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This exceptional industrial warehouse property, located at 327-347 1st Street in Elizabeth, New Jersey (zip code 07206), offers a total of 247,446 square feet of space. The property is situated in Union County and provides unparalleled access to major transportation arteries, including Routes 1 & 9, Route 78, and the New Jersey Turnpike, making it strategically positioned for efficient logistics. The building is only 16 miles from New York City via the Holland Tunnel and less than 5 miles from the Ports of Newark & Elizabeth, the largest on the East Coast. This prime location benefits from a large and readily available workforce. The warehouse features multiple tenancy options, with spaces ranging from a minimum of 2,002 square feet to a maximum contiguous space of 66,163 square feet. Currently, 128,019 square feet is vacant. The building boasts impressive ceiling heights ranging from 10 to 16 feet, a 120-foot truck court, and is situated on a fully fenced, secured, and paved lot. Loading capabilities include 26 loading docks and one drive-in door. The building also includes freight elevators. A significant portion of the space (66,163 sq ft) is located on the ground floor, with an additional 59,854 sq ft in the basement accessible via an external drive-in, two interior floor cutouts, and two freight elevators. The property is undergoing a complete roof replacement. This warehouse is ideal for businesses seeking efficient operations and convenient access to major transportation hubs and a large labor pool.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.