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251 Walnut St Newark, NJ 07105

For Sale
$4,100,000

Three prime Newark properties, Opportunity Zone.

Property size:
999 SF

Description

Added:
Feb 3, 2025
Days on Market:
310
This exceptional investment opportunity encompasses three contiguous properties located at 251, 253, and 255 Walnut Street in Newark, New Jersey. Situated within the vibrant Ironbound section of the city, this portfolio benefits from its strategic location in both an Opportunity Zone and a designated transit village. The combined properties offer significant potential for a variety of uses, given their proximity to key transportation hubs and thriving commercial areas. The total land area is 0.07 acres. The buildings themselves comprise a total of 999 square feet. The asking price for this unique three-property package is $4,100,000. This presents a rare chance to acquire a well-positioned asset in a rapidly developing area of Newark. The proximity to Newark Penn Station provides easy access to regional and national transportation networks, while the nearby Red Bull Arena adds to the area's dynamic atmosphere and potential for increased foot traffic and visibility. Investors seeking a high-growth opportunity in a revitalized urban setting should seriously consider this exceptional portfolio. The Opportunity Zone designation offers significant tax advantages, making this an even more compelling investment proposition. Detailed property records and financial information are available upon request.

Property Features for 251 Walnut St

General Information

Property type
Other commercial real estate
Square Feet
999 SF
Lot Size
3,049 SF

Property Profile Insight Report Location Intelligence

Current Use by Public Records

Con Sabor Ecuador Ecuadorian Restaurant

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Newark
County
Essex
State
New Jersey
Longitude
-74.16326
Latitude
40.72724

FAQs

What type of property is this?
Commercial real estate - Three prime Newark properties, Opportunity Zone.
Where is this commercial real estate located?
The property is located at 251 Walnut St Newark, NJ.
What is the asking price?
The asking price for this property is $4,100,000.
More about this property
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