Industrial Properties
245 Verona Avenue Newark, NJ 07104
Details & Description
Price: $1,199,000
    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. 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. Updated HVAC system. Currently being used as a metal manufacturing and polishing business.
    Listing Agents
    Michael Gruosso
    KW Commercial
    O: 732-704-4033
    M: 908-489-4107
    mikenjrealestate@gmail.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    245 Verona Avenue

    Newark, NJ 07104

    Listing ID: 273226
    • 245 Verona Avenue Newark, NJ 07104 | for Sale | Photo 1
    • 245 Verona Avenue Newark, NJ 07104 | for Sale | Photo 2
    245 Verona Avenue | for Sale | Thumbnail 1
    245 Verona Avenue | for Sale | Thumbnail 2
    Building Size: 17,360 SF
    Lot Size: 0.200 AC
    Land Size: 8,712 SF
    Building $/SF: $69.07
    Land $/SF: $137.63
    Price
    $1,199,000
    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. 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. Updated HVAC system. Currently being used as a metal manufacturing and polishing business.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Newark History of Industrial Properties for Sale

    Loan and Amortization Calculator

    Listing Price
    Down Payment

    Loan Amount:
    Interest Rate:
    Term (months):

    Your Monthly Payment

    $0.00

    Total Principal: --

    Total Interest: --

    Total Cost: --

    Newark Area Market Trends

    Listing Demographics for 245 Verona Avenue Newark, NJ 07104

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population47,183331,969705,466
    Population Median Age373737
    Population by Age0-9 Yrs6453 (13%)42656 (12%)92309 (13%)
    10-19 Yrs5494 (11%)41946 (12%)89848 (12%)
    20-29 Yrs7590 (16%)48756 (14%)101263 (14%)
    30-39 Yrs6432 (13%)49691 (14%)104843 (14%)
    40-49 Yrs6038 (12%)43161 (13%)96679 (13%)
    50-59 Yrs6352 (13%)44880 (13%)91613 (12%)
    60-69 Yrs4682 (9%)32762 (9%)69285 (9%)
    70+ Yrs4142 (8%)28117 (8%)59625 (8%)
    Median HH Income$44,875$59,107$58,204
    Total Household Income< 24K5095 (29%)27018 (22%)61768 (24%)
    25-49K4119 (24%)24824 (20%)51447 (20%)
    50-74K2549 (14%)19962 (16%)39913 (15%)
    75-99K1667 (9%)14029 (11%)28688 (11%)
    100-199K3184 (18%)25903 (21%)52764 (20%)
    200K+526 (3%)7704 (6%)20620 (8%)
    Highest Education LevelNo Diploma67503606375450
    Diploma or GED1032571200146926
    Some College53923961581234
    Assoc. Degree23511466528799
    Bachelors Degree46964148791136
    Higher Degree19132117752517
    Total Housing Units18,491130,325281,357
    --Owner-Occupied5,72047,12698,643
    --Renter-Occupied11,42072,314156,557
    Owner-Occupied Values< 100K26418894167
    100-199K999577512552
    200-299K17341290622873
    300-399K19871457427028
    400-499K530669014707
    500K+206529217317
    Total Working Age Population37,463264,467558,029
    In Work Force24,411175,294365,340
    Not In Work Force13,05189,173192,689
    Workforce Employed22,353162,095337,271
    Workforce Unemployed2,04313,10527,905
    Civlian Workforce24,396175,200365,176
    Military Workforce1594164
    Total Households17,140119,440255,201
    Family Households10,39476,243162,613
    Non-Family Households6,74643,19692,588
    Married Couple5,55746,04196,526
    Other Family4,83630,20266,086
    Married w/Child2,38519,85443,338
    Single Male w/Child4472,8567,042
    Single Female w/Child1,86011,38825,869

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    New Jersey8,414,350+48,791,894+49,132,700+49,530,900
    Bergen County884,118+2905,116+7967,500+71,031,500
    Essex County793,633-1783,969+3808,300+3829,800
    Hudson County608,975+4634,266+12708,100+6747,400
    Passaic County489,049+2501,226+4521,700+3536,100
    Union County522,541+3536,499+7573,000+6605,600

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 245 Verona Avenue in Newark?
    The asking price for 245 Verona Avenue is $1,199,000
    What is the building size of this Industrial property in Newark, NJ?
    The size of the building/unit at 245 Verona Avenue in Newark is 17,360 square feet
    How much land does the Newark, NJ property at 245 Verona Avenue include?
    245 Verona Avenue in Newark includes 0.200 acres of land
    What kind of Industrial is the propery at 245 Verona Avenue?
    The property at 245 Verona Avenue Newark, NJ 07104 is listed as a Other Industrial Industrial property
    What is the population within 1 mile of 245 Verona Avenue in Newark?
    The population within 1 mile of 245 Verona Avenue Newark, NJ 07104 is 47,183 people.
    Who do I contact for questions about 245 Verona Avenue?
    You should contact the listing agent, Michael Gruosso, for any details regarding this commercial listing.

    Other Listings for Sale Nearby

    Address Price Sq Ft Acres
    135 Little Street, Belleville, NJ $550,000 5000 0.23
    134 South 14th Street, Newark, NJ $425,000 10510 0.4
    134 South 14th Street, Newark, NJ $425,000 10510 0.35
    65 Central Avenue, East Orange, NJ CALL 3000 0.23
    356 Washington Street, City Of Orange, NJ $4,000,000 44335 1.5
    416 Central Avenue, East Orange, NJ $1,300,000 16500 0.38
    56 Columbia Street, West Orange, NJ $1,500,000 10640 0.31
    27 Libella Court, Newark, NJ CALL 19000 -
    497 South 17th Street, Newark, NJ CALL 3500 0.08
    396 Littleton Avenue, Newark, NJ CALL 10000 0.59

    Closest Commercial Airports

    Airport Distance (mi)
    Newark Liberty International Airport (EWR) 6
    La Guardia Airport (LGA) 15
    John F Kennedy International Airport (JFK) 22