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116-130 Orchard St 28,000 SF 100% Leased Industrial Building Newark, NJ 07102 $8,265,000 CAD ($295.18 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
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 | $8,265,000 CAD | Lot Size | 1.13 AC |
| Price Per SF | $295.18 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 | $8,265,000 CAD |
| Price Per SF | $295.18 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
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Manufacturing
- -
- -
- -
Classic Tape & Packaging a plus de 25 ans d'expérience dans la transformation et l'impression de rubans et d'étiquettes pour sceller des cartons. Le service et la fiabilité avec livraison dans les délais les rendent uniques dans l'industrie. Ils vendent uniquement par l'entremise de Packaging Distribution partout en Amérique du Nord. Classic Tape & Packaging imprime une gamme complète de rubans sensibles à la pression, d'étiquettes, de rubans renforcés de papier gomme, de PP, de PVC, de papier, de tissu, de masquage et de rubans de filaments provenant de tous les principaux fabricants. Ils convertissent également des rubans spéciaux en formats uniques pour la distribution des emballages. Ils constituent également un groupe de représentants des fabricants pour les produits d'emballage protecteur. Leur groupe Manufacture Rep vend à Northeast Packaging Distributors et offre des produits d'emballage protecteur, des films et des produits de papier converti. Le groupe qu'ils ont créé donne aux distributeurs les meilleures chances de rivaliser, en offrant des délais d'exécution rapides et des produits de qualité.
- Residential Iron Design
- Manufacturing
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Manufacturing | - | - | - | ||
| Residential Iron Design | Manufacturing | - | - | - |
Property Taxes
| Parcel Number | 14-00890-0000-00050 | Improvements Assessment | $630,126 CAD |
| Land Assessment | $745,694 CAD | Total Assessment | $1,375,820 CAD |
Property Taxes
Presented by
116-130 Orchard St
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