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31-43 Merchant St 42,000 SF 90% Leased Retail Building Newark, NJ 07105 $7,500,000 ($178.57/SF) 6% Cap Rate
Investment Highlights
- 3 floor building all solid brick very high ceiling must to remodeling a trl
Executive Summary
ITS. GROUND LEVEL. SEVEN STORE FRONT.
2 FLOOR. 14 OFFICES
3 FLOOR OPEN FLOOR TO. BE FINISHED
Property Facts
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Located just off Ferry Street in Newark's vibrant Ironbound section, this well-maintained commercial property offers 7 individual units with varying sizes and price points, providing flexible options for a wide range of business uses. The building is suitable for retail, professional or medical offices, salons, boutiques, creative studios, and service-oriented businesses.The property benefits from strong neighborhood presence and convenient accessibility, with close proximity to public transportation, Newark Penn Station, Downtown Newark, and major highways. Multiple configurations are available to accommodate different layouts and operational needs, making this an excellent opportunity for businesses seeking a prime Ironbound location.
- 218
- 419 SF
- Office
- -
- Now
| Space | Size | Space Use | Position | Available |
| 202 | 809 SF | Office | - | Now |
| 204 | 352 SF | Office | - | Now |
| 210 | 1,520 SF | Office | - | Now |
| 216 | 1,108 SF | Office | - | Now |
| 218 | 419 SF | Office | - | Now |
202
| Size |
| 809 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
204
| Size |
| 352 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
210
| Size |
| 1,520 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
216
| Size |
| 1,108 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
218
| Size |
| 419 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
202
| Size | 809 SF |
| Space Use | Office |
| Position | - |
| Available | Now |
Located just off Ferry Street in Newark's vibrant Ironbound section, this well-maintained commercial property offers 7 individual units with varying sizes and price points, providing flexible options for a wide range of business uses. The building is suitable for retail, professional or medical offices, salons, boutiques, creative studios, and service-oriented businesses.The property benefits from strong neighborhood presence and convenient accessibility, with close proximity to public transportation, Newark Penn Station, Downtown Newark, and major highways. Multiple configurations are available to accommodate different layouts and operational needs, making this an excellent opportunity for businesses seeking a prime Ironbound location.
204
| Size | 352 SF |
| Space Use | Office |
| Position | - |
| Available | Now |
210
| Size | 1,520 SF |
| Space Use | Office |
| Position | - |
| Available | Now |
216
| Size | 1,108 SF |
| Space Use | Office |
| Position | - |
| Available | Now |
Nearby Major Retailers
Property Taxes
| Parcel Number | 14-01993-0000-00022 | Improvements Assessment | $2,085,000 |
| Land Assessment | $815,000 | Total Assessment | $2,900,000 |
Property Taxes
Presented by
31-43 Merchant St
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