201-341-7107
399 Mccarter Hwy, Newark, NJ for Sale
Auto Dealership - FOR SALE
1/7
null | Request Cap Rate

399 Mccarter Hwy
Newark, NJ 07114
South Broad Street


HIGHLIGHTS

  • Owner Financing Would be Considered
  • Close Proximity To The Major Highways
  • Used Car Dealership License Available

OVERVIEW

PRE-REAL ESTATE SERVICES HAS BEEN EXCLUSIVELY TASKED WITH FACILITATING THE SALE & LEASE OF THIS EXTRAORDINARY OPPORTUNITY LOCATED ON 399 MCCARTER HIGHWAY, NEWARK NJ. THE PROPERTY SPANS OVER A 0.08 ACRE PARCEL OF LAND AND IS COMPRISED OF A 2,950 SF TWO STORY COMMERCIAL BUILDING. THE GROUND FLOOR IS INTENDED FOR USES SUCH AS AUTO MECHANIC, USED CAR DEALERSHIPS AND A SHOWROOM. THE C-3 (CENTRAL BUSINESS DISTRICT) ZONE IN NEWARK IS INTENDED TO SUPPORT THE CITY’S MOST ACTIVE COMMERCIAL AND MIXED-USE CORE, ALLOWING FOR HIGH-DENSITY DEVELOPMENT THAT COMBINES RETAIL, OFFICE, RESIDENTIAL, AND SERVICE USES IN A WALKABLE, TRANSIT-ORIENTED ENVIRONMENT. THIS ZONE IS TYPICALLY LOCATED IN PRIME DOWNTOWN CORRIDORS AND NEAR MAJOR TRANSPORTATION HUBS, ENCOURAGING FOOT TRAFFIC, BUSINESS ACTIVITY, AND VERTICAL DEVELOPMENT. THE C-3 ZONE PROMOTES A VIBRANT URBAN SETTING WITH GROUND-FLOOR COMMERCIAL USES AND UPPER-LEVEL OFFICES OR RESIDENTIAL UNITS, MAKING IT IDEAL FOR BOTH INVESTORS AND END USERS SEEKING STRONG VISIBILITY AND ACCESSIBILITY.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Dealership

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1951

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

C-3

APN/PARCEL ID

14-00902-0000-00021

ASK ABOUT THIS PROPERTY

Jason MarzanoPRE CommercialMore Info
201-341-7107

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

Jason MarzanoPRE CommercialMore Info
201-341-7107

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