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399 Mccarter Hwy
Newark, NJ 07114
Retail Property For Sale
Investment Highlights
- Owner Financing Would be Considered
- Used Car Dealership License Available
- Close Proximity To The Major Highways
Executive Summary
PRE-REAL ESTATE SERVICES HAS BEEN EXCLUSIVELY TASKED WITH FACILITATING THE SALE & LEASE OF THIS EXTRAORDINARY OPPORTUNITY LOCATED ON 399 MCCARTER HIGHWAY, NEWARK NJ.
THE PROPERTY SPANS OVER A 0.08 ACRE PARCEL OF LAND AND IS COMPRISED OF A 2,950 SF TWO STORY COMMERCIAL BUILDING. THE GROUND FLOOR IS INTENDED FOR USES SUCH AS AUTO MECHANIC, USED CAR DEALERSHIPS AND A SHOWROOM. THE C-3 (CENTRAL BUSINESS DISTRICT) ZONE IN NEWARK IS INTENDED TO SUPPORT THE CITY’S MOST ACTIVE COMMERCIAL AND MIXED-USE CORE, ALLOWING FOR HIGH-DENSITY DEVELOPMENT THAT COMBINES RETAIL, OFFICE, RESIDENTIAL, AND SERVICE USES IN A WALKABLE, TRANSIT-ORIENTED ENVIRONMENT.
THIS ZONE IS TYPICALLY LOCATED IN PRIME DOWNTOWN CORRIDORS AND NEAR MAJOR TRANSPORTATION HUBS, ENCOURAGING FOOT TRAFFIC, BUSINESS ACTIVITY, AND VERTICAL DEVELOPMENT. THE C-3 ZONE PROMOTES A VIBRANT URBAN SETTING WITH GROUND-FLOOR COMMERCIAL USES AND UPPER-LEVEL OFFICES OR RESIDENTIAL UNITS, MAKING IT IDEAL FOR BOTH INVESTORS AND END USERS SEEKING STRONG VISIBILITY AND ACCESSIBILITY.
THE PROPERTY SPANS OVER A 0.08 ACRE PARCEL OF LAND AND IS COMPRISED OF A 2,950 SF TWO STORY COMMERCIAL BUILDING. THE GROUND FLOOR IS INTENDED FOR USES SUCH AS AUTO MECHANIC, USED CAR DEALERSHIPS AND A SHOWROOM. THE C-3 (CENTRAL BUSINESS DISTRICT) ZONE IN NEWARK IS INTENDED TO SUPPORT THE CITY’S MOST ACTIVE COMMERCIAL AND MIXED-USE CORE, ALLOWING FOR HIGH-DENSITY DEVELOPMENT THAT COMBINES RETAIL, OFFICE, RESIDENTIAL, AND SERVICE USES IN A WALKABLE, TRANSIT-ORIENTED ENVIRONMENT.
THIS ZONE IS TYPICALLY LOCATED IN PRIME DOWNTOWN CORRIDORS AND NEAR MAJOR TRANSPORTATION HUBS, ENCOURAGING FOOT TRAFFIC, BUSINESS ACTIVITY, AND VERTICAL DEVELOPMENT. THE C-3 ZONE PROMOTES A VIBRANT URBAN SETTING WITH GROUND-FLOOR COMMERCIAL USES AND UPPER-LEVEL OFFICES OR RESIDENTIAL UNITS, MAKING IT IDEAL FOR BOTH INVESTORS AND END USERS SEEKING STRONG VISIBILITY AND ACCESSIBILITY.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
2,950 SF
Building Class
C
Year Built
1951
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.85
Lot Size
0.08 AC
Zoning
C-3 - The C-3 Regional Commercial Zone in Newark is designed to accommodate high-intensity commercial and mixed-use.
Frontage
105’ on Mccarter Highway
Amenities
- 24 Hour Access
- Fenced Lot
- Security System
- Drive Thru
- Smoke Detector
Property Taxes
| Parcel Number | 14-00902-0000-00021 | Improvements Assessment | $131,162 CAD |
| Land Assessment | $49,648 CAD | Total Assessment | $180,810 CAD |
Property Taxes
Parcel Number
14-00902-0000-00021
Land Assessment
$49,648 CAD
Improvements Assessment
$131,162 CAD
Total Assessment
$180,810 CAD
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