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    168 Mcwhorter St Newark, NJ 07105

    For Sale
    $1,100,000

    Commercial building in Newark's Ironbound, ideal for investment or redevelopment.

    Property Features for 168 Mcwhorter St

    General Information

    Standard status
    Active

    Source: RE/MAX FIRST REALTY II Agent ROCCO LOBRACE

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

    Overview

    McWhorter Street Investment Opportunity

    The property available for sale is the building located at 168 McWhorter St in the Ironbound section of Newark. 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. Also available are 170 McWhorter St and 68 Garden St, which may be purchased individually or as part of a bundled investment package.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Co Nitti Lumber Lumber Store Delicias de Minas ... Brazilian Restaurant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon 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
    -74.1682133
    Latitude
    40.7268746

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    FAQs

    What type of property is this?
    Investment property - Commercial building in Newark's Ironbound, ideal for investment or redevelopment.
    Where is this investment property located?
    The property is located at 168 Mcwhorter St Newark, NJ.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: - Prime location in the highly desirable Ironbound section of Newark.; - Opportunity to own commercial property in a vibrant, high-traffic area.; - Existing lease has less than one year remaining, providing flexibility for future use or redevelopment.
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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
    168 Mcwhorter St Newark, NJ 07105
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