162-176 Elizabeth Ave
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162-176 Elizabeth Ave
140,000 SF 100% Leased Industrial Building Newark, NJ 07108 For Sale
Investment Highlights
- Leaseback Opportunity
- Functional Layout
- Unparallel Location
Executive Summary
CBRE has been retained as the exclusive advisor in the sale of the industrial site located at 162-176 Elizabeth Avenue in Newark, New Jersey. The existing 2± acre parcel includes a functional 140,000± SF multi-story warehouse. The site is located within Newark’s I-1 zoning which permits a variety light industrial and warehousing uses. 162-176 Elizabeth Avenue is situated blocks from the interchange of Route 21, I-78 and US 1-9, providing immediate access to the New Jersey Turnpike (I-95), Port Newark and Newark Liberty International Airport.
The property is strategically situated within the Newark submarket, one of the most coveted warehouse/distribution locations in Northern New Jersey. This location provides direct access to New York City and the most densely populated, affluent consumer base in the country. 162-176 Elizabeth Avenue provides investors with an extremely rare acquisition opportunity, with ownership being amendable to short-term leaseback options and the site having tremendous long-term redevelopment potential, in the heart of one of the fastest growing industrial markets in the country.
The property is strategically situated within the Newark submarket, one of the most coveted warehouse/distribution locations in Northern New Jersey. This location provides direct access to New York City and the most densely populated, affluent consumer base in the country. 162-176 Elizabeth Avenue provides investors with an extremely rare acquisition opportunity, with ownership being amendable to short-term leaseback options and the site having tremendous long-term redevelopment potential, in the heart of one of the fastest growing industrial markets in the country.
Property Facts
Amenities
- Property Manager on Site
Utilities
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
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Walk Score ®
Very Walkable (71)
PROPERTY TAXES
| Parcel Number | 14-02769-0000-00001 | Improvements Assessment | $1,648,800 |
| Land Assessment | $651,200 | Total Assessment | $2,300,000 |
PROPERTY TAXES
Parcel Number
14-02769-0000-00001
Land Assessment
$651,200
Improvements Assessment
$1,648,800
Total Assessment
$2,300,000
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162-176 Elizabeth Ave
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