52-56 Elwood Ave 5,500 SF Industrial Building Newark, NJ 07104 $1,250,000 ($227.27/SF)

The subject property is a single-story concrete block building offering approximately 5,750 SF of rentable space. The property will be delivered vacant and is located in an R-3 zoned area, operating as a legal non-conforming use. The building is currently occupied by a food distribution company and includes approximately 600 SF of built-out refrigerator/freezer space.
Situated on an elevated site, the property is high and dry and is surrounded by a mix of commercial uses, a school, and nearby single-family residences. The building underwent major renovations in 2015, and all major capital components are in excellent condition.
The property features one (1) 14’ drive-in door with an internal loading dock capable of accommodating a 53’ trailer. The loading dock area consists of approximately 1,150 SF with 16’ clear ceiling height. The remaining 4,600 SF offers ceiling heights ranging from 10’ to 12’. Additionally, the building includes an 8’ roll-up door leading to a 300 SF gated parking or outdoor storage area.
The building is clean, secure, and well-maintained, featuring a camera security system, window bars, updated electrical, and a 200 SF office area with two restrooms. A recent Phase I Environmental Report is available. Overall, this property is in very good condition and well-suited for a variety of commercial or light industrial uses.