Address
198-206 Sussex Ave Newark, NJ
Price
$ 14,400,000
Property Attributes
  • MLS#180012113
  • TypeInvestment
  • CountyESSEX
  • CityNewark
  • AreaNewark
  • Zip07103
  • Style
  • Price$ 14,400,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
LIBERTY REALTY LLC - 201-222-2900
Property Description

DEVELOPER'S DREAM. PACKAGE SALE with 66-88 Hecker St. & 33-39 Dickerson St. Zoned for Mix Use in prime location: Major portion of city square block for sale with huge upside potential. Property is located in the center of The Urban Enterprise re-development zone., close to Downtown, Interstate 280, NJIT, Rutgers, and Newark International Airport. Highlights: +/- 100,000 square feet of warehouse space which generates high rental revenue. Tremendous upside value to re-develop. Versatile location near mass transit and easy access to the Airport and major highways- Strong cash flow in place to offset re-development approval and development down time. Property can also be delivered vacant. Potential uses: Dynamic investment opportunities, proactive city council- Almost any beneficial commercial applications! Warehouse/Distribution and potential for residential housing. Mixed Use commercial facility charter school. Seize the moment and own it! Great investment opportunity!

Price History
6/26/2018 Listed $14,400,000

General Features

Class CI INVESTMENT - SALE ONLY
Listing Area Newark
Status ACTIVE
Status Active
Type Investment

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 07103

Price
AVG $9.34M
$14.4M
Visits
AVG 52
77
Walkscore
AVG 83
87
Data Provided by Walkscore ® not using MLS data

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