124 Johnson St

4,500 SF Industrial Building Newark, NJ 07105 $1,100,000 ($244/SF) 4.25% Cap Rate

Investment Highlights

  • Storage Space
  • Large Overhead Garage
  • Office Space and Warehouse Unit

Executive Summary

Prime Warehouse & Office Space in the Heart of the Ironbound District
Discover this versatile 4,500 square foot warehouse property, perfectly situated in the vibrant Ironbound district of Newark. Ideal for businesses seeking close proximity to NYC, Newark Liberty International Airport, and the Port Newark Container Terminal, this location combines connectivity with convenience.
Property Highlights:
Warehouse Space: A spacious ground floor with a substantial garage door and one bay, offering effortless access for vehicles, equipment, or inventory. The second-floor storage area provides additional space for organization and efficiency.
Office Facilities: Four generously sized office rooms, some featuring built-in cabinetry and bookcases, make it easy to accommodate a range of office needs. The front kitchenette, complete with a sink, fridge, and ample cabinets, is ideal for daily convenience.
Bathrooms: Thoughtfully equipped with three half baths and one full bath, supporting both staff and client needs.
Comfort & Climate Control: The office area comes with air conditioning for a comfortable work environment year-round.
This versatile space is currently vacant and ready for immediate occupancy. Whether you’re a logistics company, manufacturing operation, or a growing business looking for well-connected, functional space, this property offers the ideal setting.

Data Room Click Here to Access

Financial Summary (Pro forma - 2024) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Property Facts

Price $1,100,000
Price Per SF $244
Sale Type Investment or Owner User
Cap Rate 4.25%
Property Type Industrial
Property Subtype
Warehouse
  • Showroom
  • Industrial Service
  • Office Industrial Live Work Unit
Building Class C
Lot Size 0.13 AC
Rentable Building Area 4,500 SF
No. Stories 1
Year Built 1960
Tenancy Single
No. Drive In / Grade-Level Doors 1
Opportunity Zone Yes

Amenities

  • 24 Hour Access
  • Storage Space
  • Air Conditioning
Walk Score®
Very Walkable (89)
Transit Score®
Excellent Transit (78)

PROPERTY TAXES

zoning

Zoning Code MX-1 (Zoned for multiple uses including: Ghost Kitchens, Restaurants, Daycare (Adult and Child), multi-family (low and mid-rise), and professional svc.)
  • Listing ID: 33766220

  • Date on Market: 11/5/2024

  • Last Updated:

  • Address: 124 Johnson St, Newark, NJ 07105