McWhorter Street Investment
168 Mcwhorter St Newark, NJ 07105
For Sale
$999,999
Commercial building in Newark's Ironbound, ideal for investment or redevelopment.
Property Size2,400 SF
Price / SF$416.67
Days on Market417
Property Features for 168 Mcwhorter St
General Information
- Standard status
- Active
- Size
- 2,400 SF
Listing Agency:
RE/MAX FIRST REALTY II
(908) 664-1500
Listed By:
ROCCO LOBRACE
Source:
Corcoran
Added: Jun 4, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX FIRST REALTY II
Investment Insights
Based on property information with market context.
The property at 168 McWhorter St is a commercial building located in the Ironbound section of Newark. The building, with a size of 2400 square feet, is offered for sale. Note that the sale includes the building only, and does not include the restaurant business currently occupying the space. The existing lease has less than one year remaining. The property is located in a high-traffic area. Also available are 170 McWhorter St and 68 Garden St, which may be purchased individually or as part of a bundled investment package. The property presents an investment opportunity with flexibility for future use or redevelopment.
Key Highlights
- Located in the highly desirable Ironbound section of Newark.
- Prime investment opportunity with commercial property.
- Existing lease has less than one year remaining, providing flexibility.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $57.6k | $24.00 |
| − Vacancy | −$5.2k | −$2.18 |
| EGI | $52.4k | $21.82 |
| − OpEx | −$15.7k | −$6.54 |
| NOI | $36.7k | $15.27 |
2,400 SF · lease $24.00/SF/yr · vacancy 9.10% · expense 30.00%
Alternative Uses
Best Use
Retail
$523.6K
$458.1K – $610.9K
NOI $36,651 @ 7.0% cap · market cap 3.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$858.4K
$751.1K – $1.00M
NOI $60,088 @ 7.0% cap · market cap 6.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Co Nitti Lumber
Big Box & Wholesale Store
Delicias de Minas ...
Restaurant
Similar Off Market Nearby
- Hudson Flowers — Newark, NJ 07102
- Eternity Flowers and Gifts — 99 Pulaski St, Newark, NJ 07105
- Flores _ Regalos Johis Fiesta Nj — 340 Irvine Turner Blvd, Newark, NJ 07108
- Santos Florist — 10 Wilson Ave, Newark, NJ 07105
- flowers by francis — 200 A Chestnut St, Newark, NJ 07105
FAQs
What type of property is this?
Storefront property - Commercial building in Newark's Ironbound, ideal for investment or redevelopment.
Where is this storefront property located?
The property is located at 168 Mcwhorter St Newark, NJ.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Located in the highly desirable Ironbound section of Newark.; Prime investment opportunity with commercial property.; Existing lease has less than one year remaining, providing flexibility.
