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.