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107-111 Malvern St
Newark, NJ 07105
Retail Property For Sale
PROPERTY FACTS
ABOUT 107-111 MALVERN ST , NEWARK, NJ 07105
: The subject property is a 1 story concrete block building containing approximately 6,300 SF of rentable space 100% occupied by 3 separate tenants which are a mechanic, chiropracter and a small storage unit. The mechanic/storage unit is comprised of 3,268 SF. The storage unit (425 SF) is cut out of the mechanic shop and can be added back to the larger space with minimal cost if necessary. The Chiropracter’s office has 2,582 SF of rentable space and the storage unit with 450 SF. The mechainc’s space has 14 foot ceilings and 3 lifts. This space has been continously occupied by the same tenant for over 15 years and has 2 Bay Doors with a lease expiring 12/31/19. The Chiropracter has also been in the same space for over 10 years and there lease is expiring in 12/31/19. The building has been recently upgraded with a new roof within the last 3 years. This property is located in a redeveloment zone with many current projects underway.
PROPERTY TAXES
| Parcel Number | 14-00954-0000-00031 | Improvements Assessment | $200,000 |
| Land Assessment | $384,000 | Total Assessment | $584,000 |
PROPERTY TAXES
