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116 Wright St 2,632 SF 100% Leased Industrial Building Newark, NJ 07101 $599,000 ($227.58/SF)
Investment Highlights
- Solar panel zeros out electric bill.
Executive Summary
Prime area. Close to all highways. Zoned light industrial and residential. The roof is fully covered in solar panels with a back up reserve battery in case of power outages.
Property Facts
| Price | $599,000 | Lot Size | 0.03 AC |
| Price Per SF | $227.58 | Rentable Building Area | 2,632 SF |
| Sale Type | Investment or Owner User | No. Stories | 2 |
| Sale Condition | 1031 Exchange | Year Built | 1956 |
| Property Type | Industrial | Clear Ceiling Height | 10’ |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 1 |
| Building Class | C | No. Drive In / Grade-Level Doors | 1 |
| Zoning | commercial - Grandfathered commercial zoning ideal for auto repair or workshop | ||
| Price | $599,000 |
| Price Per SF | $227.58 |
| Sale Type | Investment or Owner User |
| Sale Condition | 1031 Exchange |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.03 AC |
| Rentable Building Area | 2,632 SF |
| No. Stories | 2 |
| Year Built | 1956 |
| Clear Ceiling Height | 10’ |
| No. Dock-High Doors/Loading | 1 |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | commercial - Grandfathered commercial zoning ideal for auto repair or workshop |
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
1 1
Very walkable
80/100
Moderately drivable
70/100
Exceptional public transit
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 14-02806-0000-00032 | Improvements Assessment | $48,100 |
| Land Assessment | $40,500 | Total Assessment | $88,600 |
Property Taxes
Parcel Number
14-02806-0000-00032
Land Assessment
$40,500
Improvements Assessment
$48,100
Total Assessment
$88,600
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Presented by
Sherman And Clinton LLC
116 Wright St
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