Retail Portfolio 6 Properties Offered at $7,969,000 in Newark, NY
INVESTMENT HIGHLIGHTS
- Conveniently nestled on the southern bank of the Erie Canal, which runs east–west between the Hudson River and Lake Erie.
- Locals frequent the Newark Public Library and Perks Park, offering playgrounds, walking trails, and an abundance of waterfront green space.
- Newark total population 1,088,165 people.
- Easy access to Route-31 which stretches 208.71 miles across western and central New York and Interstate 90 which stretches east-west across the U.S.
- Attractions include the Newark Arcadia Museum, Hoffman Clock Museum and Newark Canal Park.
- Newark accounts for more than 50% of the total business done in Wayne County.
EXECUTIVE SUMMARY
Offering a portfolio of six properties in Newark, NY including 513 Union St(Cannery Row Mall), 535 W Union St (Mark's Pizzeria), 555 W Union St (Blockbuster), 585 W Union St (Tom Wahl's), 599 W Union St (Sherwin-Williams) and 902 W Union St, a 4 bed, 2 bath multifamily property.
PROPERTY FACTS
| Price | $7,969,000 |
| Price / SF | $36.24 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 6 |
| Individually For Sale | 4 |
| Total Building Size | 219,906 SF |
| Total Land Area | 13.24 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Cannery Row Mall
513 W Union St, Newark, NY 14513 |
Retail | 200,000 SF | 1985 | $3,500,000 |
|
Sherwin-Williams
599 W Union St, Newark, NY 14513 |
Retail | 4,400 SF | 1998 | $935,000 |
|
Tom Wahl's
585 W Union St, Newark, NY 14513 |
Retail | 4,962 SF | 1989 | $1,500,000 |
|
Blockbuster
555 W Union St, Newark, NY 14513 |
Retail | 5,000 SF | 2004 | - |
|
Mark's Pizzeria
535 W Union St, Newark, NY 14513 |
Retail | 2,044 SF | 1989 | $400,000 |
| 902 W Union St, Newark, NY 14513 | Multifamily | 3,500 SF | 1900 | - |
