246 Mulberry St - Storefront FOR SALE


Newark, NJ 07102- Downtown Newark
$700,000 USD
551-265-5816
246 Mulberry St, Newark, NJ for Sale
$700,000 USD
Storefront - FOR SALE
1/24
null | 6% Cap Rate

246 Mulberry St
Newark, NJ 07102
Downtown Newark


HIGHLIGHTS

  • In the heart of the Sports and Entertainment district
  • Located in a Redevelopment Zone
  • Close to public transit and heavy foot traffic

OVERVIEW

An exceptional turnkey opportunity awaits in this premium 1,800 sf commercial property located in a redevelopment zone. Prime transit-oriented retail/lounge situated by the Prudential Center in Newark’s rapidly developing Central Business District. Capitalize on massive event-day foot traffic, corporate lunch crowds, and a thriving university community.

FOR SALE DETAILS

PRICE

$700,000 USD

PRICE/SF

$350 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Restaurant, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,274 SF

ZONING

REDV

APN/PARCEL ID

14-00872-0000-00040

ASK ABOUT THIS PROPERTY

551-265-5816

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551-265-5816

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