The Quinas Companies Inc. (“QCRE”) is pleased to exclusively offer the property at 116-130 Orchard Street in Newark, NJ for sale. The 47,000 SF land site is located in the Lincoln Park Redevelopment Area and primed for development. The parcel offers a 225’ x 215’ canvas that permits up to six (6) buildable stories and a density of approximately 250 units. Located within walking distance to Newark Penn Station and just off Route 21 the site offers direct access to major highway arteries (I-78, I-280, and I-95). The current improvements consist of a one-story, 28,000 SF warehouse with nine drive in doors and two loading docks.
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 $23,500,000. The assemblage brochure is also included here with the listing.