$2,950,000
Newark, NJ 07104
MLS# 22600125
1 / 38
Property Description
Turn of the century 17,360 square foot building in the Forrest Hill section of Newark with very easy access to McCarter Highway route 21. Three floors total; 1st floor 6380 sqft, 2nd floor 6090 sqft, 3rd floor 4890 sqft, plus roof top. Inside you'll find a loading dock servicing the 1st /2nd floor and then fork lift access through back of building. Service elevator in back of building (not working as is). Abundant amount of electric: 240v, 3 phase, split service to each rentable floor/ unit. Very high ceilings on each of the floors. Drive in garage. Office area, conference room, and kitchenette lounge area with 2 balconies overlooking back of building. One rollup door garage in front and 1 drive in garage on lower basement level. Updated HVAC system.
Details
Maps
Contract Info
Sale: Yes
Lease: No
New Construction: No
Status: Active
List Date: 2026-01-02
Property Sub-Type: Commercial
List Price: $2,950,000
Current Price: $2,950,000
Location
Area/Section: Forest Hill
House Number: 245-249
Street Name: Verona
Street Suffix: Avenue
County: Essex
Municipality: Newark (NEW)
Postal City: Newark
State: NJ
Zip Code: 07104
Complex/Subdivision: None
Directions: McCarter Highway to Verona
General Property Info
# Levels: 3
# Elevators: 1
Acreage: 0.2
Lot Dimensions: 89 x 100
Garage: Yes
# Car Garage: 2
# Parking Spaces: 5
Business Operating: Yes
Tax and Legal
Asmnt - Total: 330200
Taxes: 12558
Tax Year: 2024
Income & Expenses
# Rental Units: 3
Miscellaneous
# Docks: 2
Min Ceiling Height: 12
Use
Apartments: 1
Manufacturing: 1
Professional/Office: 1
Warehouse: 1
Interior
Freight Elevator: 1
Zoning
Industrial: 1
Mixed: 1
Multi-Use: 1
Electric
220 Volts: 1
200 - 400 AMP: 1
Basement
Full: 1
Walk-Out Access: 1
Gas
On Site: 1
Water Heater
Natural Gas: 1
Heating
Natural Gas: 1
Water
Public Water: 1
Sewer
Public Sewer: 1
Exterior
Dock Height: 1
Loading Dock: 1
Parking
On Site: 1
On Street: 1
Assessment Status
Assessed: 1
Roof
Flat: 1
Material
Brick: 1
Documents Available
Site Plan: 1
Property Features
Use: Apartments; Manufacturing; Professional/Office; Warehouse
Interior: Freight Elevator
Basement: Full; Walk-Out Access
Heating: Natural Gas
Water Heater: Natural Gas
Water: Public Water
Sewer: Public Sewer
Gas: On Site
Electric: 220 Volts; 200 - 400 AMP
Exterior: Dock Height; Loading Dock
Parking: On Site; On Street
Roof: Flat
Material: Brick
Zoning: Industrial; Mixed; Multi-Use
Assessment Status: Assessed
Documents Available: Site Plan
Listing Office: Keller Williams Realty East Monmouth
Listing Agent: Michael Gruosso
Last Updated: January - 05 - 2026
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Monmouth Ocean Regional REALTORS®, and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.