148-150 Vermont ave - Storefront FOR SALE


Newark, NJ 07106- Lower Vailsburg
$930,000 USD
201-215-1811
148-150 Vermont ave, Newark, NJ for Sale
$930,000 USD
Storefront - FOR SALE
1/7
null | 7.88% Cap Rate

148-150 Vermont ave
Newark, NJ 07106
Lower Vailsburg


HIGHLIGHTS

  • Strategic Location
  • Transit Oriented Location
  • Significant Higher Education Presence
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the investment property located at 148-150 Vermont Avenue in Newark, New Jersey (“the Property”). The offering is for a five-tenant retail plaza on a 0.12-acre corner parcel of land. The Property offers the opportunity to acquire a fully leased retail plaza in an exceptional, urban-infill location. The subject property is ideal for a potential buyer looking for a property with income growth and strong investment returns. The Property is located at the intersection of Vermont Avenue and Grove Terrace in Newark’s Lower Vailsburg neighborhood on the outskirts of Newark’s west end. The Property is located one block from the municipal bus line and is close to area train stations. The Property also enjoys convenient access to several area colleges, two area hospitals, and numerous area retailers and restaurants. The building benefits from close proximity to the ports of New York and New Jersey and Newark Liberty International Airport. The Property has convenient access to major roadways with direct access to Manhattan, Staten Island, and all of New Jersey. Newark is a suburb of New York City and is the county seat of Essex County within the New York metropolitan area. The densely populated area is 13-miles west of New York City.

FOR SALE DETAILS

PRICE

$930,000 USD

PRICE/SF

$186 USD /SF

CAP RATE

7.88%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Convenience Store, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

-

APN/PARCEL ID

14-04036-0000-00040

ASK ABOUT THIS PROPERTY

Mike AgrifolioHorvath & TremblayMore Info
201-215-1811

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Mike AgrifolioHorvath & TremblayMore Info
201-215-1811

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.