Listing Agency: Coldwell Banker Commercial NRT Westfield

Listed By: Isaias Garcia Rodrigues · License #1867122

Source: Crexi

Added: Apr 12 Changed: Aug 29 Last Checked: Aug 29 at 8:34PM

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Investment Insights

Based on property information with market context.

This mixed-use development property is positioned within the Ironbound section of Newark and is identified as part of the area’s transit village. The project offers potential for 8k sqft per floor and is available for development now.

Key Highlights

• Potential for 8k sqft per floor
• Located in Newark’s Ironbound section
• Situated within the Ironbound transit village

Property Analytics

Property Profile

Current Use

Mixed-use properties

Suggested Use

Top Pick Nursing Home (Bike/Boat/Book/etc) Store Buffet Tanning Salon Locksmith Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4,639

Businesses Nearby

Explore this area Business Placement

Demographics for 07105, NJ

50,870

Population

20,608

Households

2.5

Avg Household Size

35

Median Age

15%

College-Educated

70%

High-School Grad

4.6 sq mi

ZIP Area

11,059

Density / Sq Mi

$55,752

Median Household Income

$33,175

Median Earnings

$1,600

Median Rent

$445,900

Median Home Value

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Development opportunity within Newark’s Ironbound transit village with additional floor area potential.

Where is this mixed-use property located?

The property is located at 253 Walnut St Newark, NJ.

What are key features of this property?

This property features: Potential for 8k sqft per floor; Located in Newark’s Ironbound section; Situated within the Ironbound transit village