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116-122 Magazine St 35,000 SF 100% Leased Industrial Building Newark, NJ 07105 $1,699,000 ($48.54/SF)



Executive Summary
Full construction drawings and permits not included. Property currently contains four 25x100 warehouses that are rented with month-to-month tenants. UST have been removed and the site is clean.
Property Facts Under Contract
| Price | $1,699,000 | Lot Size | 0.06 AC |
| Price Per SF | $48.54 | Construction Status | Proposed |
| Sale Type | Investment | Rentable Building Area | 35,000 SF |
| Property Type | Industrial | No. Stories | 4 |
| Building Class | B | Opportunity Zone |
Yes
|
| Zoning | R3 | ||
| Price | $1,699,000 |
| Price Per SF | $48.54 |
| Sale Type | Investment |
| Property Type | Industrial |
| Building Class | B |
| Lot Size | 0.06 AC |
| Construction Status | Proposed |
| Rentable Building Area | 35,000 SF |
| No. Stories | 4 |
| Opportunity Zone |
Yes |
| Zoning | R3 |
1 1
Walk Score®
Very Walkable (84)
Property Taxes
| Parcel Number | 14-02056-0000-00027 | Improvements Assessment | $131,300 |
| Land Assessment | $65,600 | Total Assessment | $196,900 |
Property Taxes
Parcel Number
14-02056-0000-00027
Land Assessment
$65,600
Improvements Assessment
$131,300
Total Assessment
$196,900
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116-122 Magazine St
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