This Property is no longer advertised on Showcase.com.
Off Market
1/16

221 Washington St
Newark, NJ 07102


OVERVIEW

Rare opportunity to purchase a corner building in the heart of the Central Business District and steps from University Heights. The building is located in walking distance to Washington Street Light Rail Station, Rutgers University, Prudential, Essex County College and NJIT. Owner is willing to lease back first floor retail space. 2nd floor is rented to a beauty salon/barber shop. Finished basement is available for rent or owner will occupy. All units have their own entrance or the first floor can be combined with the basement. GREAT OPPORTUNITY FOR INVESTORS & DEVELOPERS. Sale includes air rights.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

3800

STORIES

2

YEAR BUILT

1957

SPRINKLERS

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PARKING SPACES

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LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

14-00071-0000-00031