116-130 Orchard St - Warehouse FOR SALE


Newark, NJ 07102- South Broad Street
$7,750,000 USD
973-210-4250
116-130 Orchard St, Newark, NJ for Sale
$7,750,000 USD
Warehouse - FOR SALE
1/18
null | Request Cap Rate

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


HIGHLIGHTS

  • 47,000 SF Land Redevelopment Opportunity
  • 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

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.

FOR SALE DETAILS

PRICE

$7,750,000 USD

PRICE/SF

$277 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

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

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

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