Log In/Sign Up
Your email has been sent.
116-130 Orchard St 28,000 SF 100% Leased Industrial Building Newark, NJ 07102 $8,371,200 CAD ($298.97 CAD/SF)
INVESTMENT HIGHLIGHTS
- Income-Producing Property with Redevelopment Potential
- Within walking distance to Newark Penn Station and just off Route 21
- Direct access to major highway arteries (I-78, I-280, and I-95)
- Zoning permits up to six (6) buildable stories and a density of approximately 250 units
- Located in Newark’s Lincoln Park Redevelopment Area, the assemblage is primed for a redevelopment of up to six stories.
- Current improvements consist of a one-story, 28,000 SF warehouse with nine drive-in doors and two loading docks.
EXECUTIVE SUMMARY
INDUSTRIAL BUILDING FOR SALE - Income-Producing Property with Redevelopment Potential
The Quinas Companies Inc. (“QCRE”) is pleased to exclusively offer the property at 116-130 Orchard Street in Newark, NJ for sale. The property consists of a one-story, 28,000 SF warehouse with nine drive in doors and two loading docks. The 47,000 SF parcel lies in the Lincoln Park Redevelopment plan which offers the as-of-right development of a six story multi-family building with up to 250 units. 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 Mulberry 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 116-130 Orchard Street in Newark, NJ for sale. The property consists of a one-story, 28,000 SF warehouse with nine drive in doors and two loading docks. The 47,000 SF parcel lies in the Lincoln Park Redevelopment plan which offers the as-of-right development of a six story multi-family building with up to 250 units. 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 Mulberry 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 | $8,371,200 CAD | Lot Size | 1.13 AC |
| Price Per SF | $298.97 CAD | Rentable Building Area | 28,000 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Sale Condition | Redevelopment Project | Year Built | 1940 |
| Property Type | Industrial | Clear Ceiling Height | 10’ |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 2 |
| Building Class | C | No. Drive In / Grade-Level Doors | 9 |
| Zoning | RIV-MU-1 - Lincoln Park RDV Plan - Newark Riverfront Public Access And Redevelopment Plan Mixed Use 1 | ||
| Price | $8,371,200 CAD |
| Price Per SF | $298.97 CAD |
| Sale Type | Investment or Owner User |
| Sale Condition | Redevelopment Project |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 1.13 AC |
| Rentable Building Area | 28,000 SF |
| No. Stories | 1 |
| Year Built | 1940 |
| Clear Ceiling Height | 10’ |
| No. Dock-High Doors/Loading | 2 |
| No. Drive In / Grade-Level Doors | 9 |
| Zoning | RIV-MU-1 - Lincoln Park RDV Plan - Newark Riverfront Public Access And Redevelopment Plan Mixed Use 1 |
AMENITIES
- Front Loading
- Storage Space
Walk Score®
Walker's Paradise (93)
Transit Score®
Excellent Transit (83)
PROPERTY TAXES
| Parcel Number | 14-00890-0000-00050 | Improvements Assessment | $640,518 CAD |
| Land Assessment | $757,992 CAD | Total Assessment | $1,398,510 CAD |
PROPERTY TAXES
Parcel Number
14-00890-0000-00050
Land Assessment
$757,992 CAD
Improvements Assessment
$640,518 CAD
Total Assessment
$1,398,510 CAD
1 of 19
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
116-130 Orchard St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.