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Mulberry Portfolio 3 Properties Offered at $12,000,000 in Newark, NJ
INVESTMENT HIGHLIGHTS
- 43,000 SF Land Redevelopment Opportunity
- The redevelopment plan permits a redevelopment without any set parameters on height or density
- Within walking distance to Newark Penn Station and just off Route 21
- No Building Height Restrictions
- Located in Newark’s Lincoln Park Redevelopment Area, the assemblage is primed for redevelopment and lies within an area with no height constraints
- Direct access to major highway arteries (I-78, I-280, and I-95)
EXECUTIVE SUMMARY
INDUSTRIAL BUILDINGS FOR SALE - Income-Producing Properties with Redevelopment Potential
The Quinas Companies Inc. (“QCRE”) is pleased to exclusively offer the property at 399-411 Mulberry Street & 505 McCarter Highway in Newark, NJ for sale. The property consists of a five-story, 72,000 SF warehouse, a one-story 4,000 SF warehouse, and a one-story 5,000 SF warehouse. The 43,000 SF parcel is located in the Lincoln Park Redevelopment Area and primed for development. The redevelopment plan permits a redevelopment without any set parameters on height or density, the potential is truly endless. The improvements are centrally located, just outside of Downtown Newark and within walking distance to Newark’s Penn Station. Additionally, the site is just off Route 21 with direct access to major highway arteries I-78, I-280, and I-95.
This property can also be a part of an assemblage with the property behind it on Orchard Street. The combined properties as an assemblage is offered at $16,000,000. The assemblage brochure is also included here with the listing.
The Quinas Companies Inc. (“QCRE”) is pleased to exclusively offer the property at 399-411 Mulberry Street & 505 McCarter Highway in Newark, NJ for sale. The property consists of a five-story, 72,000 SF warehouse, a one-story 4,000 SF warehouse, and a one-story 5,000 SF warehouse. The 43,000 SF parcel is located in the Lincoln Park Redevelopment Area and primed for development. The redevelopment plan permits a redevelopment without any set parameters on height or density, the potential is truly endless. The improvements are centrally located, just outside of Downtown Newark and within walking distance to Newark’s Penn Station. Additionally, the site is just off Route 21 with direct access to major highway arteries I-78, I-280, and I-95.
This property can also be a part of an assemblage with the property behind it on Orchard Street. The combined properties as an assemblage is offered at $16,000,000. The assemblage brochure is also included here with the listing.
PROPERTY FACTS
| Price | $12,000,000 | Number of Properties | 3 |
| Price / SF | $146.34 / SF | Individually For Sale | 0 |
| Sale Condition | Redevelopment Project | Total Building Size | 82,000 SF |
| Sale Type | Investment or Owner User | Total Land Area | 1.31 AC |
| Status | Active |
| Price | $12,000,000 |
| Price / SF | $146.34 / SF |
| Sale Condition | Redevelopment Project |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 82,000 SF |
| Total Land Area | 1.31 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 407 Mulberry St, Newark, NJ 07102 | Industrial | 73,000 SF | 1910 | - |
| 399 Mulberry St, Newark, NJ 07102 | Industrial | 4,500 SF | - | - |
|
Exclusive Auto Group
411 Mulberry St, Newark, NJ 07102 |
Retail | 4,500 SF | 1950 | - |
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