2 Spring St
Newark, NJ 07104
Spring Street Commons · Property For Lease
·
43,863 SF
HIGHLIGHTS
- Located in Newark's Urban Enterprise Zone
- High Traffic Location adjacent to NJ Major Highways 21, NJ TPKE, 280, GSP,
- Borders Newark's Central Business District
- 15 to 16 ft Ceiling Heights in space
- Easy Transportation, Just a few minute drive to Newark Penn Station and a Walk to Broad Street Light Rail Station
- UEZ Zone providing customers with 50% savings on Sales Tax!
ABOUT THE PROPERTY
Brand New Construction Retail Space Available in Prime Newark Location! Retail space contains built in customers support of 84 residential units!. Advantageous High Traffic Location, adjacent to Major Highways Route 21, Route 280, easy access NJ Turnpike and Garden state Parkway...Propery is conveniently located within walking distance to Broad Street Light Rail Stateion and only a few minute drive to Newark Penn Station. 5 minutes walking distance to Newark Penn Station. This locations is an approved site for Newark's Urban Enterprize Zone (UEZ) providing incredible benefit for potential commerical tenants. Newark's Urban Enterprise Zone allows for savings of up to 50% on sales tax. Reduced Sales Tax – currently 3.3125%, effective 1/1/2018. Tax Free Purchases on certain items such as capital equipment, facility expansions, and upgrades. Financial Assistance from agencies such as NJEDA. Subsidized unemployment insurance costs for employees who earn less than $4,500 per quarter. Each Unit is equipped and vented for commercial Kitchens and contain super high ceiling heights up to 16 ft! Three months of security deposit required. All utility expenses to be paid by tenant.
PROPERTY FACTS
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Size | 43,863 SF |
| Year Built | 2020 |
