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116-130 Orchard St
Newark, NJ 07102
Industrial Property For Sale
Investment Highlights
- Income-Producing Property with Redevelopment Potential
- Within walking distance to Newark Penn Station and just off Route 21
- Direct access to major highway arteries (I-78, I-280, and I-95)
- Zoning permits up to six (6) buildable stories and a density of approximately 250 units
- Located in Newark’s Lincoln Park Redevelopment Area, the assemblage is primed for a redevelopment of up to six stories.
- Current improvements consist of a one-story, 28,000 SF warehouse with nine drive-in doors and two loading docks.
Executive Summary
INDUSTRIAL BUILDING FOR SALE - Income-Producing Property with Redevelopment Potential
The Quinas Companies Inc. (“QCRE”) is pleased to exclusively offer the property at 116-130 Orchard Street in Newark, NJ for sale. The property consists of a one-story, 28,000 SF warehouse with nine drive in doors and two loading docks. The 47,000 SF parcel lies in the Lincoln Park Redevelopment plan which offers the as-of-right development of a six story multi-family building with up to 250 units. The improvements are centrally located, just outside of Downtown Newark and within walking distance to Newark’s Penn Station. Additionally, the site is just off Route 21 with direct access to major highway arteries I-78, I-280, and I-95.
This property can also be a part of an assemblage with the property behind it on Mulberry Street. The combined properties as an assemblage is offered at $11,500,000. The assemblage brochure is also included here with the listing.
The Quinas Companies Inc. (“QCRE”) is pleased to exclusively offer the property at 116-130 Orchard Street in Newark, NJ for sale. The property consists of a one-story, 28,000 SF warehouse with nine drive in doors and two loading docks. The 47,000 SF parcel lies in the Lincoln Park Redevelopment plan which offers the as-of-right development of a six story multi-family building with up to 250 units. The improvements are centrally located, just outside of Downtown Newark and within walking distance to Newark’s Penn Station. Additionally, the site is just off Route 21 with direct access to major highway arteries I-78, I-280, and I-95.
This property can also be a part of an assemblage with the property behind it on Mulberry Street. The combined properties as an assemblage is offered at $11,500,000. The assemblage brochure is also included here with the listing.
Property Facts
| Sale Type | Investment or Owner User | Rentable Building Area | 28,000 SF |
| Sale Condition | Redevelopment Project | No. Stories | 1 |
| Property Type | Industrial | Year Built | 1940 |
| Property Subtype | Warehouse | Clear Ceiling Height | 10’ |
| Building Class | C | No. Dock-High Doors/Loading | 2 |
| Lot Size | 1.13 AC | No. Drive In / Grade-Level Doors | 9 |
| Zoning | RIV-MU-1 - Lincoln Park RDV Plan - Newark Riverfront Public Access And Redevelopment Plan Mixed Use 1 | ||
| Sale Type | Investment or Owner User |
| Sale Condition | Redevelopment Project |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 1.13 AC |
| Rentable Building Area | 28,000 SF |
| No. Stories | 1 |
| Year Built | 1940 |
| Clear Ceiling Height | 10’ |
| No. Dock-High Doors/Loading | 2 |
| No. Drive In / Grade-Level Doors | 9 |
| Zoning | RIV-MU-1 - Lincoln Park RDV Plan - Newark Riverfront Public Access And Redevelopment Plan Mixed Use 1 |
Amenities
- Front Loading
- Storage Space
Property Taxes
| Parcel Number | 14-00890-0000-00050 | Improvements Assessment | $458,000 |
| Land Assessment | $542,000 | Total Assessment | $1,000,000 |
Property Taxes
Parcel Number
14-00890-0000-00050
Land Assessment
$542,000
Improvements Assessment
$458,000
Total Assessment
$1,000,000
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