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203-205 Alexander St
Newark, NJ 07106
Retail Property For Sale
EXECUTIVE SUMMARY
Fully leased four-tenant retail strip center with a strong history of on-time rent payments. Located in a high-traffic area with both heavy vehicular and pedestrian flow. The property offers easy access for customers to all stores and convenient accessibility for the owner.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
4,000 SF
Building Class
C
Year Built
1950
Price
$525,000
Price Per SF
$131.25
Cap Rate
10.53%
NOI
$55,283
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.83
Lot Size
0.11 AC
Zoning
Commercial - C2
Frontage
AMENITIES
- Freeway Visibility
- Restaurant
- Signage
PROPERTY TAXES
| Parcel Number | 14-04050-01-00026 | Improvements Assessment | $65,000 |
| Land Assessment | $110,000 | Total Assessment | $175,000 |
PROPERTY TAXES
Parcel Number
14-04050-01-00026
Land Assessment
$110,000
Improvements Assessment
$65,000
Total Assessment
$175,000
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