157 Foundry St - 157 Foundry 2 Acres of Commercial Land Offered at $12,000,000 in Newark, NJ 07105
INVESTMENT HIGHLIGHTS
- Rail Access
EXECUTIVE SUMMARY
2 acre property that backs up to rail. currently 2 buildings in rear. One building 4 floors, 9,600 sq ft per floor. Needs to be knocked down. Other building consists of 15,000 sq ft. Broken down into two 7500 sq ft sections side by side. Owner occupies 1 acre lot in front for their business. Possible seller financing with larger down payment.
PROPERTY FACTS
| Price | $12,000,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 2.00 AC |
| Opportunity Zone |
Yes |
1 LOT AVAILABLE
Lot
| Price | $12,000,000 |
| Price Per AC | $6,000,000.00 |
| Lot Size | 2.00 AC |
2 acre property that backs up to rail. currently 2 buildings in rear. One building 4 floors, 9,000 sq ft per floor. Could be knocked down. Other building consists of 15,000 sq ft. Broken down into two 7500 sq ft sections side by side.
DESCRIPTION
2 acre property that backs up to rail. currently 2 buildings in rear. One building 4 floors, 9,600 sq ft per floor. Could be knocked down. Other building consists of 15,000 sq ft. Broken down into two 7500 sq ft sections side by side. Owner occupies 1 acre in front. Possible Owner financing with larger down payment.
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PROPERTY TAXES
| Parcel Number | 14-05005-0000-00022-01 | Improvements Assessment | $28,700 |
| Land Assessment | $306,300 | Total Assessment | $335,000 |
CONTACTS
-
John Marzano -
Justin Smith - Logistics Real Estate Services
