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864 Clinton Ave 5,000 SF of Retail Space Available in Newark, NJ 07108
Highlights
- Approximately 0.22-acre parcel with existing commercial improvements.
- Situated within Essex County's largest business and population center.
- Located along Newark's established Clinton Avenue commercial corridor.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 5,000 SF | Negotiable | $20.01 CAD/SF/YR $1.67 CAD/SF/MO $100,045 CAD/YR $8,337 CAD/MO | TBD |
1st Floor
864 Clinton Avenue presents an opportunity to acquire a commercial property along Clinton Avenue, one of Newark's established neighborhood commercial corridors. The site consists of a freestanding commercial building situated on approximately 0.22 acres, providing a combination of existing improvements and underlying land value. Public records indicate the property occupies a corner of Newark's Clinton Hill area, with frontage along a heavily traveled local corridor serving surrounding residential neighborhoods and community-serving businesses.
- Access to major local and regional transportation.
- Existing commercial improvements.
- Documented ownership and sales history.
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Select Tenants at 864 Clinton Ave, Newark, NJ 07108
- Tenant
- Description
- US Locations
- Reach
- Explosive Styles
- Salon/Barber/Spa
- 1
- -
- Limousine Service Of Bp Corp
- Other Office
- 1
- -
- Muhammed Hassan
- -
- 1
- -
| Tenant | Description | US Locations | Reach |
| Explosive Styles | Salon/Barber/Spa | 1 | - |
| Limousine Service Of Bp Corp | Other Office | 1 | - |
| Muhammed Hassan | - | 1 | - |
Property Facts
| Total Space Available | 5,000 SF | Gross Leasable Area | 5,776 SF |
| Property Type | Retail | Year Built | 1999 |
| Property Subtype | Storefront |
| Total Space Available | 5,000 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 5,776 SF |
| Year Built | 1999 |
About the Property
The property located at 862-864 Clinton Avenue, Newark, New Jersey, is identified in public records as a commercial property on approximately 0.2174 acres. Public sources report an existing building of approximately 964 square feet. The property is located within Newark's Clinton Hill area and has recorded commercial sales activity, including a transaction in 2023.
- Freeway Visibility
Nearby Major Retailers
Presented by
Muhammed Hassan
864 Clinton Ave
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