473 Clinton Ave 6,000 SF 100% Leased Retail Building Newark, NJ 07108 $925,000 ($154.17/SF) 9.56% Cap Rate
INVESTMENT HIGHLIGHTS
- Well maintained and easy to manage
- Well located just off Bergen across from Police Sub Station
- Separate utilities
- Updated and
EXECUTIVE SUMMARY
Fully leased mixed use property in extremely well maintained condition
BBQ Restaurant at street level, one 4BR and one 5BR apartment on 2nd and third floor
Utilities all separately metered with tenants paying own gas, electric , heat and water. Easy to manage- Tenants all have WORRY FREE PSEG contracts
Located just off Bergen Ave opposite the Police Sub Station
BBQ Restaurant at street level, one 4BR and one 5BR apartment on 2nd and third floor
Utilities all separately metered with tenants paying own gas, electric , heat and water. Easy to manage- Tenants all have WORRY FREE PSEG contracts
Located just off Bergen Ave opposite the Police Sub Station
DATA ROOM Click Here to Access
- Operating and Financials
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
6,000 SF
Building Class
C
Year Built
1970
Price
$925,000
Price Per SF
$154.17
Cap Rate
9.56%
NOI
$88,430
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.30
Lot Size
0.06 AC
Zoning
Commercial
Frontage
30’ on Clinton Ave
AMENITIES
- Freeway Visibility
Walk Score®
Very Walkable (73)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 14-02685-0000-00027 | Improvements Assessment | $293,300 (2024) |
| Land Assessment | $55,000 (2024) | Total Assessment | $348,300 (2024) |
