22,000sf Retail/Warehouse Building on .6 Acres

Description

The property is a one story, 22,000±sf commercial building on .6± acres of land strategically located on Johnson Ave in Newark, NJ. The property has frontage on the west side of three streets (Johnson Avenue, Peddie Street & Hawthorne Street).The property is suitable for a variety of uses including retail, warehouse, office, used car dealership and much more. Most recently the property was rented to a furniture showroom and warehouse retailer that had a lease of $8,000 per month NNN.

The property is situated on the corner of Johnson Avenue and West Peddie Street in Newark, NJ in the heart of Essex County. It is located at Exit 14 off Interstate 78, just 3 miles from Newark International Airport and the NJ Turnpike.

Documents

Auction Information

Property Information

* Requires confirmation of Online Agreement

Terms & Conditions

  • Buyers Premium: 10% Buyers Premium based on the high bid.
  • Closing: Sold in As-Is condition, no contingencies.
  • Deposit Amount: $25,000 due at time of auction. DEPOSIT MUST BE IN THE FORM OF A BANK CHECK.
  • Broker Co-op: 2% of the high bid will be paid to a properly registered broker at settlement.

Inspection

By Appointment

Auction Information

Property Information

* Requires confirmation of Online Agreement

  • Buyers Premium: 10% Buyers Premium based on the high bid.
  • Closing: Sold in As-Is condition, no contingencies.
  • Deposit Amount: $25,000 due at time of auction. DEPOSIT MUST BE IN THE FORM OF A BANK CHECK.
  • Broker Co-op: 2% of the high bid will be paid to a properly registered broker at settlement.

By Appointment

Auction Info:

  • Sold
  • Property Type
    Commercial
  • Property Location
    249 Johnson Avenue
    Newark, NJ 07112
  • Auction Location
    On-Site

Property Map



Auction Contact(s):

Oren Klein

  • Email Oren
  • W: (212) 375-1222 x703
    F: (212) 202-6267

Jeremy Sandel