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MOTIVATED SELLER-- FULLY LEASED RETAIL 660-680 Clinton Ave 18,000 SF 100% Leased Retail Building Newark, NJ 07108 $4,500,000 ($250/SF) 8% Cap Rate
Investment Highlights
- FULLY LEASED. Tenants include Family Dollar, Brick Education, Laundromat and take out restaurant.
- On site parking
- High Visibility
Executive Summary
100% Retail Investment for SALE. Desirable Location. On-Site Parking, Monument Signage.
Multiple Tenants include Family Dollar, Brick Education, Laundromat, and Asian Restaurant.
Ideal for 1031 Buyer. A MUST SEE!
Multiple Tenants include Family Dollar, Brick Education, Laundromat, and Asian Restaurant.
Ideal for 1031 Buyer. A MUST SEE!
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
18,000 SF
Building Class
C
Year Built
1960
Price
$4,500,000
Price Per SF
$250
Cap Rate
8%
NOI
$360,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.39
Lot Size
1.05 AC
Zoning
R3, Newark City - Residential/Business
Parking
45 Spaces (2.5 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Restaurant
- Monument Signage
- Air Conditioning
Exceptionally walkable
90/100
Moderately drivable
70/100
Strong public transit
80/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 14-03039-0000-00048 | Improvements Assessment | $1,172,500 |
| Land Assessment | $527,500 | Total Assessment | $1,700,000 |
Property Taxes
Parcel Number
14-03039-0000-00048
Land Assessment
$527,500
Improvements Assessment
$1,172,500
Total Assessment
$1,700,000
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Contact the Sale Advisor
MOTIVATED SELLER-- FULLY LEASED RETAIL | 660-680 Clinton Ave