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Darling Mills Industrial Park 75 Mill St

109,751 SF 32% Leased Industrial Building Newton, NJ 07860 £4,655,578 (£42/SF)

Executive Summary

Located in the thriving industrial hub of Newton, New Jersey, this impressive industrial property spans 4.16 acres and features four buildings, totaling a substantial 135,000 square feet of versatile space. A compelling investment opportunity, 74,630 square feet of this property remain vacant, offering potential for various commercial applications. The remaining space is currently leased, providing a steady income stream. The property features four loading docks, two drive-ins, and ample parking at 2.5 spaces per 1,000 square feet. Notably, significant renovations and upgrades have been recently completed, ensuring a modern and efficient facility. The property is also zoned for cannabis use, making it highly attractive for businesses in the emerging cannabis industry. Furthermore, the motivated seller, who is retiring, is willing to offer owner financing, making this an opportunity that should not be missed for savvy investors seeking a prime industrial property in the Garden State.

Property Facts

Price £4,655,578
Price Per SF £42
Sale Type Investment or Owner User
Property Type Industrial
Property Subtype Manufacturing
Building Class B
Lot Size 4.16 AC
Rentable Building Area 109,751 SF
Number of Floors 2
Year Built 1919
Clear Ceiling Height 19 ft
No. Dock-High Doors/Loading 3

Utilities

  • Gas - Natural
  • Water - City
  • Sewer - City
  • Heating - Gas

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Floor
  • 74,630 SF
  • Industrial
  • -
  • Now

• 74,630 SF available for lease • Consists of two (2) buildings • Three (3) tailgates • Month-to-month lease • Renovated buildings

Space Size Space Use Condition Available
1st Floor 74,630 SF Industrial - Now

1st Floor

Size
74,630 SF
Space Use
Industrial
Condition
-
Available
Now

1st Floor

Size 74,630 SF
Space Use Industrial
Condition -
Available Now

• 74,630 SF available for lease • Consists of two (2) buildings • Three (3) tailgates • Month-to-month lease • Renovated buildings

Walk Score ®
Very Walkable (70)
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.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
15-00005-05-00001
Land Assessment
£722,984
Improvements Assessment
£2,036,013
Total Assessment
£2,758,997

zoning

Zoning Code M-1,Industrial
M-1,Industrial
  • Listing ID: 29623831

  • Date on Market: 26/09/2023

  • Last Updated:

  • Address: 75 Mill St, Newton, NJ 07860

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