198-206 SUSSEX AVE

Estimated Monthly Payment: $65,666/mo 198-206 SUSSEX AVE, Newark, NJ 07103 MLS# 180012113 Investment Listing Status: Active
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REMARKS:

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!

OVERVIEW:

Investment
Active
Newark

FINANCIAL:

$14,400,000

NEIGHBORHOOD & SCHOOL INFORMATION:

Broker Reciprocity Courtesy of LIBERTY REALTY LLC  201-222-2900

 

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