Lisa Bruckner - Coldwell Banker Hearthside
699 Frelinghuysen Ave
Newark City, NJ 07114

$1,900,000

Description

In the center of the busy industrial district of Newark. Close to major highways and close to Newark airport. Store front currently being leased until September 2018. 6 unit above are currently vacant This 15,000 sqft Commercial building is located in the center of the busy industrial district of Newark. Close to major highways and close to Newark Airport. Store front currently being leased until September 2018 monthly rent at $5,364. 6 Office space above are currently vacant and can be rented for $1200-$1400. An additional 4,500ft on ground floor for storage that can be easily converted to garage, laundromat or warehouse. Additional levels can be built upwards per Newark City Board approval. When fully occupied CAP RATE IS ABOVE 7%. Official building plot available upon request.

Details

MLS#3433377
StyleIndustrial
Sub-TypeResale
StatusActive
Year2012
Days On Site353

Features

SQ Feet15,000
Story(s)2
Units8
ZoningR2 Comm

Additional Information

Annual Tax Amount15075
Assesed Tax Valuation442300
Tax ID3.560
Tax Rate2017

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Area Information

StateNJ
CountyEssex
CityNewark City
Zip Code07114
AreaEssex
Listing VS Median (in 07114)
Price:
$1,900,000
low | high
Med:
$289,000
100% of Average
SqFt:
15,000
low | high
Med:
0
100% of Average
$ / SqFt:
$127
low | high
Med:
$0
100% of Average
On Site:
353
low | high
Med:
81
100% of Average
Listing Updated: 11/16/2018
MLS Number: 3433377
Listing Provided By:
ISSAAC DAVID  of  BETTER HOMES AND GARDENS RAND