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488-500 Mulberry St, Unit | Newark Newark, NJ 07114

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For Sale
Contact for pricing

Industrial warehouse in Newark, close to major routes and highways.

Property size:
56,692 SF

Property Features for 488-500 Mulberry St

General Information

Size
56,692 SF

Source: William Sitar Jr. Agent William Sitar Jr.

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Newark Industrial Warehouse For Sale

This industrial warehouse is located in Newark, adjacent to the Design District, and known as 190 Murray Street. The property is situated one block from Highway 21 and in close proximity to Routes 9, 78, 95, and 280. The building is fully leased and generates a net operating income of approximately $640,000. Tenants have flexible leases. The owner has the option to vacate approximately 3,300 square feet of office space, approximately 7,638 square feet of mezzanine space, and approximately 16,000 square feet of warehouse space for a user buyer. The property is zoned MX-2 Med-Density Res/Comm/Industrial, with redevelopment zoning allowing for an 8-story residential building. It features 3 tailboard doors and 4 drive-in doors, with a ceiling height of 16 feet. The property taxes are approximately $57,000. Owner financing is available. The property has a total size of 56,692 square feet.
Location Intelligence

Current Use by Public Records

Warehouses

Suggested Use

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

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

Similar Places Nearby

The DeLong Company, Father Son Storage, Newark Refrigerated Warehouse: Executive Office, AJC INDUSTRIES LLC, Father & Son Moving & Storage Inc

Location Insight

  • Map
  • Local Demand
City
Newark
County
Essex
State
New Jersey
Longitude
-74.1762342
Latitude
40.7206468

FAQs

What type of property is this?
Warehouse - Industrial warehouse in Newark, close to major routes and highways.
Where is this warehouse located?
The property is located at 488-500 Mulberry St, Unit | Newark Newark, NJ.
What are key features of this property?
This property features: - Fully leased industrial building generating ±$640,000 net operating income.; - Opportunity for owner to occupy ±3,300 SF office, ±7,638 SF mezzanine and ±16,000 SF warehouse space.; - Redevelopment zoning (MX-2) allows for an 8-story residential building.
More about this property
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