201-712-5606
200 Washington St, Newark, NJ for Sale
Medical - FOR SALE
1/17
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200 Washington St
Newark, NJ 07102
Downtown Newark


HIGHLIGHTS

  • The perfect opportunity zoned redevelopment located in the heart of a high-density “Living Downtown” redevelopment plan
  • Zoning allows for a host of mixed uses including high rise residential, street level retail, hotel, among others
  • Urban Enterprise and Opportunity zoned property with area in need of rehabilitation designation
  • Neighborhood Revitalization Tax Credit eligible within the Living Downtown redevelopment zone
  • Adjacent to the Washington Street transit station and bus routes
  • Located just blocks from several educational facilities as well as the NJPAC and Prudential Center housing

OVERVIEW

CBRE, Inc. (“CBRE”) has been retained as the exclusive advisor for 100% of the fee interest sale of 200 Washington Street in Newark, New Jersey (the “Property”). The Property is located within Essex County at the intersection of Washington & Academy Streets just blocks from several educational facilities including Rutgers University, NJIT, and Essex Community College. The offering consists of one municipal tax lot totaling approximate 0.29 acres improved by a ±30,800 SF building. The property is within easy walking distance from the NJPAC and Prudential Center as well and located adjacent to the Washington Street transit stop all within a redevelopment and opportunity zone. This offering provides an investor or developer the opportunity to purchase a vacant office building located within the Living Downtown redevelopment plan providing zoning for a mixed-use residential development located within walking distance of a plethora of educational facilities and popular venues. As there are short term leases in negotiations, the property might be occupied by one or more tenants upon transfer. All tenants will have short term leases with termination rights.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

200 Washington Street

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

RDV: Redevelopment Plan

APN/PARCEL ID

14-00063-01-00058

ASK ABOUT THIS PROPERTY

Robert L'AbbateCBRE, Inc.More Info
201-712-5606

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Robert L'AbbateCBRE, Inc.More Info
201-712-5606

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