124 Johnson StNewark, NJ 07105

This exceptional 4,500-square-foot industrial property, located at 124 Johnson Street in Newark, NJ, presents a unique investment opportunity. Classified as a Class C building, this single-story structure sits on a 0.112-acre lot and boasts a flexible layout ideal for a variety of uses, including creative office, flex space, and warehouse operations. The property features one loading dock, providing convenient access for goods and materials. Inside, you'll find a spacious ground-floor warehouse area with a large garage door, plus a second-floor storage area for added capacity. The office space comprises four generously sized rooms, some with built-in cabinetry and bookcases, enhancing functionality and organization. A convenient kitchenette with sink, refrigerator, and ample cabinetry is included, along with three half-baths and one full bath. The office area is climate-controlled with air conditioning. Currently vacant, the property is available for immediate occupancy. The asking price is $1,100,000, representing a price per square foot of $244.44 and a pro-forma cap rate of 4.25%, with a projected net operating income (NOI) of $46,000. The property is zoned MX-1 and offers excellent access to major transportation arteries, including proximity to NYC, Newark Liberty International Airport, and the Port Newark Container Terminal. This prime location in the vibrant Ironbound district makes it an attractive option for businesses seeking a blend of connectivity and convenience. The property is an owner/user investment opportunity.