203-205 Alexander St - Storefront FOR SALE


Newark, NJ 07106- Lower Vailsburg
$725,000 USD
973-344-1000
203-205 Alexander St, Newark, NJ for Sale
$725,000 USD
Storefront - FOR SALE
1/16
null | 6.96% Cap Rate

203-205 Alexander St
Newark, NJ 07106
Lower Vailsburg


OVERVIEW

Fully occupied 5000+ sq.ft. retail complex on the busy corner of 18th ave and Alexander st. Total of four units. Very well maintained building. Tenants pay separate utilities. Current tenants include a salon, two restaurants, and house of worship. Plenty of basement space for storage. Located near multiple apartment buildings, grocery stores, and multiple bus stops which generate a lot of residential foot traffic. Billboard on the building provides additional income. All tenants are in good standing.

FOR SALE DETAILS

PRICE

$725,000 USD

PRICE/SF

$145 USD /SF

CAP RATE

6.96%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

5,000 SF

ZONING

Commercial

APN/PARCEL ID

14-04050-01-00026

ASK ABOUT THIS PROPERTY

Luis NogueiraExit Lucky RealtyMore Info
973-344-1000

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Luis NogueiraExit Lucky RealtyMore Info
973-344-1000

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