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    170 Mcwhorter St Newark, NJ 07105

    For Sale
    $1,400,000

    7,200 sq ft commercial property in Newark's Ironbound section.

    Property Features for 170 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

    Newark Ironbound Commercial Property For Sale

    Located in the Ironbound section of Newark, this commercial property offers 7,200 square feet of space. The building is configured as a 4-unit commercial property, with each unit comprising 1,800 square feet. The property currently houses a diverse mix of tenants. Unit 1 is a warehouse space with an attached office. Unit 2 is a fully operational restaurant. Unit 3 is currently used as an art studio, and Unit 4 is a karate studio. The property is located in a high-visibility location within one of Newark's commercial corridors. The property is suitable for investors or owner-occupants seeking established uses and income potential. Adjacent properties are also available for offer individually or as part of a package deal.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    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.

    Similar Places Nearby

    Newark Refrigerated Warehouse: Executive Office, Extra Space Storage, AJC INDUSTRIES LLC, South Street Storage, True State Moving Services

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.1684121
    Latitude
    40.7267046

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    FAQs

    What type of property is this?
    Warehouse - 7,200 sq ft commercial property in Newark's Ironbound section.
    Where is this warehouse located?
    The property is located at 170 Mcwhorter St Newark, NJ.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: - Prime location in Newark's Ironbound section.; - 7,200 sq ft commercial property with 4 units.; - Diverse tenant mix: warehouse, restaurant, art studio, karate studio.
    Request Owner's contact information
    170 Mcwhorter St 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
    170 Mcwhorter St Newark, NJ 07105
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