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290 Chestnut St
Newark, NJ 07105
SHOPPING MALL SITE CHESTNUT ST AND OLIVER ST · Office Property For Sale
EXECUTIVE SUMMARY
Approx. 22,600 SF on 2nd & 3rd Floors
" Rental Rate: $22.00 PSF NNN
" 11,300 SF First Floor
" Leased to Adult Day Care
" Monthly Income Approx. $19,000.00
Building Size: Approx. 34,000 SF
" 3 Story Elevator Building
" Building Footprint 75 X 150
" Ironbound Section of Newark
" Complete Building Renovation in 2001
" All Stucco Exterior for Low Maintenance
" Abundant Parking / Gated Lot
" Ingress / Egress on Oliver & Chestnut Street '''''''''' SELLER HAS DEVLOPMENT PRINTS FOR THE SITE , ITS IN APPROVAL STAGE SEE THE ATTACHMENTS ''''''''''''
" Rental Rate: $22.00 PSF NNN
" 11,300 SF First Floor
" Leased to Adult Day Care
" Monthly Income Approx. $19,000.00
Building Size: Approx. 34,000 SF
" 3 Story Elevator Building
" Building Footprint 75 X 150
" Ironbound Section of Newark
" Complete Building Renovation in 2001
" All Stucco Exterior for Low Maintenance
" Abundant Parking / Gated Lot
" Ingress / Egress on Oliver & Chestnut Street '''''''''' SELLER HAS DEVLOPMENT PRINTS FOR THE SITE , ITS IN APPROVAL STAGE SEE THE ATTACHMENTS ''''''''''''
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
34,000 SF
Building Class
B
Year Built/Renovated
1940/2001
Price
$14,657,160 CAD
Price Per SF
$431.09 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
11,333 SF
Building FAR
1.82
Lot Size
0.43 AC
Zoning
commercial
Parking
14 Spaces (0.37 Spaces per 1,000 SF Leased)
AMENITIES
- Smoke Detector
PROPERTY TAXES
| Parcel Number | 14-00956-0000-00017-07 | Improvements Assessment | $1,680,363 CAD |
| Land Assessment | $1,195,049 CAD | Total Assessment | $2,875,412 CAD |
PROPERTY TAXES
Parcel Number
14-00956-0000-00017-07
Land Assessment
$1,195,049 CAD
Improvements Assessment
$1,680,363 CAD
Total Assessment
$2,875,412 CAD
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