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456 W Market St 3,000 SF Retail Building Newark, NJ 07107 $4,000,000 ($1,333.33/SF)
Executive Summary
Recently Renovated Gas Station with Convenience Store
Store Size at ±3,000 SF
Business Included In Sale
Over 10% Cap Rate
Significant Upside Potential
Lot Size at ±0.36 Acres (Block 1854, Lot 6)
Taxes at $14,944 (2022)
Store Size at ±3,000 SF
Business Included In Sale
Over 10% Cap Rate
Significant Upside Potential
Lot Size at ±0.36 Acres (Block 1854, Lot 6)
Taxes at $14,944 (2022)
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Service Station
Building Size
3,000 SF
Building Class
C
Year Built
1980
Price
$4,000,000
Price Per SF
$1,333.33
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.43 AC
Zoning
B-2, Newark - Business
Parking
18 Spaces (6 Spaces per 1,000 SF Leased)
Frontage
Walk Score®
Very Walkable (82)
Transit Score®
Excellent Transit (70)
Nearby Major Retailers
Property Taxes
| Parcel Number | 14-01854-0000-00006 | Improvements Assessment | $10,000 |
| Land Assessment | $390,000 | Total Assessment | $400,000 |
Property Taxes
Parcel Number
14-01854-0000-00006
Land Assessment
$390,000
Improvements Assessment
$10,000
Total Assessment
$400,000
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456 W Market St
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