116-130 Orchard St - Warehouse FOR SALE


Newark, NJ 07102- South Broad Street
$6,000,000 USD
973-210-4250
116-130 Orchard St, Newark, NJ for Sale
$6,000,000 USD
Warehouse - FOR SALE
1/18
null | Request Cap Rate

116-130 Orchard St
Newark, NJ 07102
South Broad Street


HIGHLIGHTS

  • Income-Producing Property with Redevelopment Potential
  • Zoning permits up to six (6) buildable stories and a density of approximately 250 units
  • Within walking distance to Newark Penn Station and just off Route 21
  • Located in Newark’s Lincoln Park Redevelopment Area, the assemblage is primed for a redevelopment of up to six stories.
  • Direct access to major highway arteries (I-78, I-280, and I-95)
  • Current improvements consist of a one-story, 28,000 SF warehouse with nine drive-in doors and two loading docks. 

OVERVIEW

INDUSTRIAL BUILDING FOR SALE - Income-Producing Property with Redevelopment Potential The Quinas Companies Inc. (“QCRE”) is pleased to exclusively offer the property at 116-130 Orchard Street in Newark, NJ for sale. The property consists of a one-story, 28,000 SF warehouse with nine drive in doors and two loading docks. The 47,000 SF parcel lies in the Lincoln Park Redevelopment plan which offers the as-of-right development of a six story multi-family building with up to 250 units. The improvements are centrally located, just outside of Downtown Newark and within walking distance to Newark’s Penn Station. Additionally, the site is just off Route 21 with direct access to major highway arteries I-78, I-280, and I-95. This property can also be a part of an assemblage with the property behind it on Mulberry Street. The combined properties as an assemblage is offered at $16,000,000. The assemblage brochure is also included here with the listing.

FOR SALE DETAILS

PRICE

$6,000,000 USD

PRICE/SF

$214 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1940

UTILITIES

-

CLEAR CEILING HT

10 Ft

DOCKS

2

DRIVE INS

9

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.13

LAND SF

49,371

ZONING

RIV-MU-1

APN/PARCEL ID

14-00890-0000-00050

ASK ABOUT THIS PROPERTY

Ryan CerqueiraThe Quinas Companies Inc.More Info
973-210-4250

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Ryan CerqueiraThe Quinas Companies Inc.More Info
973-210-4250

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.