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124 Johnson St 4,500 SF Industrial Building Newark, NJ 07105 $1,464,320 CAD ($325.40 CAD/SF) 4.46% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Storage Space
  • Large Overhead Garage
  • Office Space and Warehouse Unit

EXECUTIVE SUMMARY

Prime Warehouse & Office Space in the Heart of the Ironbound District
Located in the Grove Street Neighborhood Development Plan Zone, discover this versatile 4,500 square foot warehouse property. Ideal for businesses seeking close proximity to NYC, Newark Liberty International Airport, and the Port Newark Container Terminal, this location combines connectivity with convenience.
Property Highlights:
Warehouse Space: A spacious ground floor with a substantial garage door and one bay, offering effortless access for vehicles, equipment, or inventory. The second-floor storage area provides additional space for organization and efficiency.
Office Facilities: Four generously sized office rooms, some featuring built-in cabinetry and bookcases, make it easy to accommodate a range of office needs. The front kitchenette, complete with a sink, fridge, and ample cabinets, is ideal for daily convenience.
Bathrooms: Thoughtfully equipped with three half baths and one full bath, supporting both staff and client needs.
Comfort & Climate Control: The office area comes with air conditioning for a comfortable work environment year-round.
This versatile space is currently vacant and ready for immediate occupancy. Whether you’re a logistics company, manufacturing operation, or a growing business looking for well-connected, functional space, this property offers the ideal setting.

DATA ROOM Click Here to Access

FINANCIAL SUMMARY (PRO FORMA - 2024) Click Here to Access

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

FINANCIAL SUMMARY (PRO FORMA - 2024) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Price $1,464,320 CAD
Price Per SF $325.40 CAD
Sale Type Investment or Owner User
Cap Rate 4.46%
Property Type Industrial
Property Subtype
Warehouse
  • Showroom
  • Industrial Service
Building Class C
Lot Size 0.13 AC
Rentable Building Area 4,500 SF
No. Stories 1
Year Built 1960
Tenancy Single
No. Drive In / Grade-Level Doors 1
Opportunity Zone Yes
Zoning MX-1 - Zoned for multiple uses including: Flex Industrial, Storage, Ghost Kitchens, Restaurants, multi-family (low and mid-rise), and professional services

AMENITIES

  • 24 Hour Access
  • Storage Space
  • Air Conditioning
Walk Score®
Walker's Paradise (90)
Transit Score®
Excellent Transit (78)
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
14-00933-0000-00026-08
Land Assessment
$331,423 CAD (2025)
Improvements Assessment
$92,438 CAD (2025)
Total Assessment
$423,860 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
  • Listing ID: 33766220

  • Date on Market: 2024-11-05

  • Last Updated:

  • Address: 124 Johnson St, Newark, NJ 07105

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