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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

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    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.
    (908) 233-5555
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    251 Walnut St Newark, NJ 07105
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    Newark, NJ 07105
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    251 Walnut St Newark, NJ 07105
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