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713 Frelinghuysen Ave 1,896 SF 100% Leased Retail Building Newark, NJ 07114 $639,000 ($337.03/SF)
Executive Summary
Mixed-Use Commercial Building with Restaurant & 2-Bedroom Apartment located directly across the street from a major upcoming development site -- the future home of the 12-acre TV and Film Complex by Great Point Studios and Lionsgate, in partnership with the NJ Performing Arts Center. Situated on a high-traffic street with a bus stop right in front, this prime investment opportunity offers excellent visibility and accessibility.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
1,896 SF
Building Class
C
Year Built
1970
Price
$639,000
Price Per SF
$337.03
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.51
Lot Size
0.03 AC
Opportunity Zone
Yes
Zoning
Commercial
Frontage
25’ on Frelinghuysen Ave
Amenities
- Smoke Detector
Nearby Major Retailers
Property Taxes
| Parcel Number | 14-03744-0000-00002 | Improvements Assessment | $112,900 |
| Land Assessment | $56,700 | Total Assessment | $169,600 |
Property Taxes
Parcel Number
14-03744-0000-00002
Land Assessment
$56,700
Improvements Assessment
$112,900
Total Assessment
$169,600
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713 Frelinghuysen Ave
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