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116-122 Magazine St

35,000 SF 100% Leased Industrial Building Newark, NJ 07105 £1,340,511 (£38/SF)

Executive Summary

Approved for 24 units in the Ironbound. Ground floor parking garage with 24 spaces. Fifteen 1-bedroom plus office apartments and nine 2-bedroom apartments. Site plan available upon request. 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

Price £1,340,511 Rentable Building Area 35,000 SF
Price Per SF £38 Number of Floors 4
Sale Type Investment Year Built 2024
Property Type Industrial Parking Ratio 0.69/1,000 SF
Property Subtype Warehouse Level Access Doors 1
Building Class A Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Lot Size 0.24 AC
Price £1,340,511
Price Per SF £38
Sale Type Investment
Property Type Industrial
Property Subtype Warehouse
Building Class A
Lot Size 0.24 AC
Rentable Building Area 35,000 SF
Number of Floors 4
Year Built 2024
Parking Ratio 0.69/1,000 SF
Level Access Doors 1
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
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Walk Score ®
Very Walkable (83)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Numbers
Multiple
  • 14-02056-0000-00028-02
  • 14-02056-0000-00028-04
  • 14-02056-0000-00028-01
  • 14-02056-0000-00028-03
 Improvements Assessment £64,777
Land Assessment £263,053 Total Assessment £327,829

PROPERTY TAXES

Parcel Numbers
Multiple
  • 14-02056-0000-00028-02
  • 14-02056-0000-00028-04
  • 14-02056-0000-00028-01
  • 14-02056-0000-00028-03
Land Assessment
£263,053
Improvements Assessment
£64,777
Total Assessment
£327,829

zoning

Zoning Code R3
R3
(973) 344-1000

  • Listing ID: 31482484

  • Date on Market: 11/04/2024

  • Last Updated:

  • Address: 116-122 Magazine St, Newark, NJ 07105

The Industrial Property at 116-122 Magazine St, Newark, NJ 07105 is currently available For Sale. Contact Exit Lucky Realty for more information.

Nearby Listings

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116-122 Magazine St, Newark, NJ for sale Building Photo- Image 1 of 7
MAGAZINE_RENDERING
116-122 Magazine St, Newark, NJ for sale Building Photo- Image 2 of 7
Front Elevation
116-122 Magazine St, Newark, NJ for sale Building Photo- Image 3 of 7
First Floor Plan
116-122 Magazine St, Newark, NJ for sale Building Photo- Image 4 of 7
Second Floor Plan
116-122 Magazine St, Newark, NJ for sale Building Photo- Image 5 of 7
3rd : 4th Floor Plan
116-122 Magazine St, Newark, NJ for sale Building Photo- Image 6 of 7
Rear : Side Elevations

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© 2024 CoStar Group

116-122 Magazine St
(973) 344-1000 x

116-122 Magazine St

1/2

Luis Nogueira

(973) 344-1000

(973) 344-1000

Patrick Dwyer

(973) 344-1000

(973) 344-1000

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