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    Property profile & analytics
    FOR SALE
    Commercial real estate

    251 Walnut St, Newark, NJ 07105

    0.07 ac lot
    Individually Owned 20-yr Hold Absentee Owner Free & Clear
    Property ID
    US59-0529227
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Construction FRAME
    Lot 0.07 ac (3,149 SF)
    APN 14 00962-0000-00063
    UPID US59-0529227
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Con Sabor Ecuador Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Louis Abin · 20 yrs held
    Louis Abin
    since 2006
    2 recorded transactions
    2006
    $1
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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