245-249 Verona Ave, Newark, NJ 07104 - Photo 1

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$1,999,999 -$950,001 (-32.2%) Price Reduced

For Sale
Active
Industrial

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Property 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 (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.

Full Property Details

Full Property Details for 245-249 Verona Ave

General

Price: $1,999,999
Taxes: $12,336 (2022)
Status: Active
Type: Industrial
Source: Garden_State
MLS ID: 4003205
Updated: 4/9/2026
Added to Site: 97 day(s) ago

Business

Includes: Building & Land

Rooms

Bathrooms

Total Bathrooms: 3
Restrooms: 3

Additional Information

Equipment: Freight Elevator(s), Sign - Building

Exterior

Color: white

Parking

Total Spaces: 5
Parking: 1 Car Width, 2 Car Width, Additional Parking, Blacktop

Location

County: Essex
Subdivision: Forrest Hills
Driving Directions: McCarter Highway to Verona
Location Details: Freestanding, Industrial Park

Heating & Cooling

Cooling Type: 1 Unit
Heating Type: 3 Units
Heating Fuel: Natural Gas

Utilities

Sewer: Public Sewer
Water: Public Water
Utility Description: Electric, Natural Gas

Structural Information

Construction: Brick/Block, Wood
Exterior Const.: Brick/Block
Basement: Yes
Basement Desc.: Full, Storage, Walk-Out
Roof: Flat
Ceiling Height: 15
Doors: 2
Door Dimensions: 10
# Loading Docks: 1
Bays: 2
Amps: 400
Voltage: 240
Stories in Building: 3
Square Feet: 17,360
Aprox. Leasable: 17,360 Sq. Ft.
Previous Bldg. Use: Metal Manufacturing and Polish
Office: 3,000 Sq. Ft.
Year Built: 1916

Lot Features

Lot Size (Acres): 0.2
Lot Size: 89X100
Permitted Use: Manufacturing, Warehouse, Storage
Zoning: Manufactoring

Financial Considerations

Assessment Amount: $330,200
Land Assmt: $149,600
Tax Amount: $12,336
Tax Year: 2022

Disclosures and Reports

Ownership: Fee Simple
Documents Avail.: Building Plans, Site Plan
APN: 1614-00849-0000-00039-0000-
Block: 849
Lot Number: 39

Listed by Keller Williams Realty

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Schools

Schools serving 245-249 Verona Ave

School District:Newark City School District

Name	Grades	Distance
New Park School 120 Manchester Place, Newark, NJ 07104	5-8	0.4 mi
Rafael Hernandez Elementary School 345 Broadway, Newark, NJ 07104	PK-4	1.4 mi
First Avenue Elementary School 214 1st Avenue, Newark, NJ 07107	5-8	1.5 mi
Technology High School 223 Broadway, Newark, NJ 07102	9-12	1.8 mi
Barringer High School 90 Parker Street, Newark, NJ 07104	9-12	2 mi
West Side High School 403 South Orange Avenue, Newark, NJ 07103	9-12	3.4 mi
Thirteenth Avenue Elementary School 359 13th Avenue, Newark, NJ 07103	5-8	3.3 mi
Camden Street Elementary School 281 Camden Street, Newark, NJ 07103	PK-8	3.6 mi
Speedway Academies 701 South Orange Avenue, Newark, NJ 07106	PK-8	3.7 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 245-249 Verona Ave Get Price Alerts and Save Property

Date

Details

Price

Change

Source

4/09/2026

Price Reduced

$1,999,999

-32.2%

MLS

1/02/2026

Listed

$2,950,000

235.61%

MLS

1/16/2024

Sold

$879,000

—

Public Record

Get Price Alerts and Save Property

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 245-249 Verona Ave

Year

Property Taxes

Change

Tax Assessment

Change

2024

$12,558

$330,200

—

2023

$12,310

—

$330,200

—

2022

$12,336

—

$330,200

—

2021

$12,330

33%

$330,200

—

2021

$9,295

-24%

$330,200

—

2018

$12,194

$330,200

—

2017

$11,755

$330,200

—

2016

$11,359

$330,200

—

2015

$10,926

-12%

$330,200

—

2019

$12,419

27%

$330,200

—

2013

$9,751

—

$330,200

—

View All

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 245-249 Verona Ave

245-249 Verona Ave, Newark, NJ 07104 (MLS# 4003205) is a Industrial property. 245-249 Verona Ave is currently listed for $1,999,999 and was received on January 02, 2026. Want to learn more about 245-249 Verona Ave? Do you have questions about finding other Industrial real estate for sale in Newark? You can browse all Newark real estate or contact a Coldwell Banker agent to request more information.

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245-249 Verona Ave Newark, NJ 07104