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246 Mulberry St 2,000 SF Retail Building Newark, NJ 07102 $996,611 CAD ($498.31 CAD/SF) 6% Cap Rate
Investment Highlights
- In the heart of the Sports and Entertainment district
- Close to public transit and heavy foot traffic
- Located in a Redevelopment Zone
Executive Summary
An exceptional turnkey opportunity awaits in this premium 1,800 sf commercial property located in a redevelopment zone. Prime transit-oriented retail/lounge situated by the Prudential Center in Newark’s rapidly developing Central Business District. Capitalize on massive event-day foot traffic, corporate lunch crowds, and a thriving university community.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,000 SF
Building Class
C
Year Built
1973
Price
$996,611 CAD
Price Per SF
$498.31 CAD
Cap Rate
6%
NOI
$59,797 CAD
Tenancy
Single
Building Height
1 Story
Slab To Slab
12’
Building FAR
0.88
Lot Size
0.05 AC
Opportunity Zone
Yes
Zoning
REDV
Frontage
34’ on Mulberry St
Very walkable
80/100
Fairly drivable
50/100
Exceptional public transit
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 14-00872-0000-00040 | Improvements Assessment | $135,254 CAD |
| Land Assessment | $128,136 CAD | Total Assessment | $263,390 CAD |
Property Taxes
Parcel Number
14-00872-0000-00040
Land Assessment
$128,136 CAD
Improvements Assessment
$135,254 CAD
Total Assessment
$263,390 CAD
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246 Mulberry St
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