Property summary
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
VerifiedCap rate & NOI
Current use
-
Restaurant
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.