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245-249 Verona Ave Newark, NJ $ 2,950,000
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$ 2,950,000 Get more info
245-249 Verona Ave
$ 2,950,000
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Share Save

245-249 Verona Ave

Newark, NJ, 07104
$ 2,950,000
Bedrooms-- Baths-- Sq 17,360

Monthly Estimate*

$ 18,164

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Commercial Property for sale in Newark, NJ

for $2,950,000 with 3 half baths. This 17,360 square foot building was built in 1916 on a lot size of 0.2.

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. Currently occupied by Technology Company paying $15000 per month plus taxes and cam and may sign long lease.

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Commercial Active

Price

$ 2,950,000

Half Bath

3

Property Type

Commercial

Taxes

$ 12,336

Style

Manufacturing

Lot Size

0.2

Year Built

1916

Town/City

Newark

County/Region

Essex

MLS | Web ID

4003205
Features
General
Sewer Public Sewer
Construction Brick/Block Wood
Heating 3 Units
Cooling 1 Unit
Utilities Electric Gas-Natural
Possession at closing
Roof Flat
Zoning Manufactoring
Year Built 1916
Township Newark City
Property Type Industrial Complex - Light Manufacturing Mixed Use Manufacturing
Tax Year 2022
Ownership Fee Simple
Location Freestanding Industrial Park
Gross Income 120000
County Essex
Subdivision Name Forrest Hills
Status Active
Directions McCarter Highway to Verona
Number Of Units Total 4
Tax Annual Amount 12336
Drive 1 Car Width 2 Car Width Additional Parking Blacktop
Leasable Area 3000
Standard Status Active
Tax Assessed Value 330200
Town # 1614
Tax Lot 39
Farm Assessment No
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Interior
Basement Full Storage Walkout
Fuel Type Gas-Natural
Total Stories 3
Half Baths 3
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Exterior
Water Source Public Water
Total Parking 5
Exterior Description Brick/Block
Building Area Total 17360
Lot Dimensions 89X100
Lot Size Acres 0.20
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* Excluded Features
List By
MICHAEL GRUOSSO

Listing Agent

Keller Williams Realty

Broker

Affordability Calculator

$19,192
Per Month
95%
5%
0%
Monthly Principal & Interest
$18,164
Monthly Property Taxes
$1,028
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
291163 Elementary School
291353 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
1/2/2026$2,950,000 Listed Price

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245-249 Verona Ave, Newark, NJ, 07104 is a Commercial Property for sale at $2,950,000 with 17,360 sqft and a lot size of 0.2. 245-249 Verona Ave was built in 1916. The property's zip code is 07104 which is in Newark, NJ

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