124 Johnson St. — Sale in Newark, NJ

  • Price: $1M
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Newark, NJ 07105
  • Size: 4,500 SF
  • Year built: 1960

Investment Figures

Cap rate
4.46%
Price per square foot
$233
Price per unit
$1,049,000 across 1 units

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Prime Warehouse & Office Space – Heart of the Ironbound District, Newark, NJ Discover a versatile 4,500 SF warehouse and office property located in the Grove Street Neighborhood Development Plan Zone of Newark’s thriving Ironbound District . This strategically positioned property offers unmatched accessibility to Newark Liberty International Airport , Port Newark , and New York City , making it ideal for businesses that depend on logistics, manufacturing, or urban distribution. The property features a spacious ground-floor warehouse with a large bay and garage door for easy loading, plus a second-floor storage area for operational efficiency. The four private offices include built-in cabinetry and bookcases, while the front kitchenette adds daily convenience with a sink, refrigerator, and storage. With three half baths and one full bath , air-conditioned office areas , and immediate availability , this property is perfectly suited for companies seeking a functional, well-connected workspace in one of Newark’s most dynamic commercial corridors. Address: Grove Street Neighborhood Development Plan Zone, Ironbound Section, Newark, NJ Total Size: ±4,500 SF Use: Warehouse / Office / Flex Zoning: Grove Street Neighborhood Development Plan (mixed commercial/industrial) Two-story flex building featuring: Ground-floor warehouse with one bay and full garage door for loading Second-floor storage area Four office rooms with built-ins and cabinetry Kitchenette with sink, refrigerator, and storage Three half baths + one full bath Air-conditioned office area Condition: Vacant, turnkey, immediate occupancy. Ideal Uses: Logistics, light manufacturing, contractor operations, or small distribution firms requiring proximity to Port Newark , EWR Airport , and NYC metro . Building SF: 4500 | Land Size: 0.13 Ac | Year Built: 1960 | Listing Type: FOR SALE

Market Context

This industrial in Newark, NJ is listed for sale at $1,049,000 across 4,500 SF ($233/SF). It is offered at an approximate 4.5% capitalization rate, a key benchmark for income-producing industrial assets. The building dates to 1960. It has been on the market for 70 days. Compare it against other industrial listings for sale in Newark, NJ — view the full market.

As of Q1 2026, the New Jersey industrial market showed an 8.0% vacancy rate, and average asking rents near $20.00/SF/yr. Source: multiple brokerage reports, Q1 2026.

Industrial market FAQ

Is the New Jersey industrial market tightening or softening?
Vacancy is around 8.0% (Q1 2026).

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