Three-Story Office Building for
For Sale
Contact for pricing
45-57 Edison Place, Newark, NJ 07102
Three-story office building offering 17,500 SF with additional 3,500 SF vacancy, near Newark Penn Station.
Property Size30,500 SF
Lot Size0.22 Acres
Days on Market122
Property Features for 45-57 Edison Place
General Information
Standard status
Active
Size
30,500 SF
Lot size
0.22 Acres
Property subtype
Office
Site & Location
Traffic Count
52,406 vehicles/day
Highway Access
Yes
Building Details
Stories
3
Listing Agency:
The Blau & Berg Company
(973) 379-6644
Listed By:
Jason M. Crimmins · License #NJ 9694872
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 23 at 6:05PM
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 The Blau & Berg Company
Investment Insights
Based on property information with market context.
This for-sale three-story office building totals 30,500 SF, with 23,000 SF above ground across three stories and 7,500 SF in the basement. The offering includes 17,500 SF of available space, and the property also reflects 3,500 SF of vacancy on the 2nd floor. The site covers 0.22 acres.
The building is located within a 5-minute walk to Newark Penn Station. It is less than 1 mile to I-280, approximately 1.6 miles to I-78, and about 2 miles to NJTP and Newark International Airport. A 2016 traffic count lists 52,406 vehicles on Broad and Market Sts.
For planning purposes, taxes are listed at $192,535.48 (2018). NOI for 2017 is reported at $338,741, with potential NOI of $400,000.
The building is located within a 5-minute walk to Newark Penn Station. It is less than 1 mile to I-280, approximately 1.6 miles to I-78, and about 2 miles to NJTP and Newark International Airport. A 2016 traffic count lists 52,406 vehicles on Broad and Market Sts.
For planning purposes, taxes are listed at $192,535.48 (2018). NOI for 2017 is reported at $338,741, with potential NOI of $400,000.
Key Highlights
- 130,500 SF, three‑story office building for sale with 17,500 SF available
- Includes 3,500 SF vacancy on the 2nd floor and potential NOI of $400,000
- NOI (2017) of $338,741 with sale price of $7,500,000
Property Analytics
Current Use
Lease Details
52,406 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
6,064
Businesses Nearby
Explore this area
Business Placement
Demographics for 07102, NJ
15,047
Population
6,574
Households
2.3
Avg Household Size
34
Median Age
30%
College-Educated
82%
High-School Grad
1.1 sq mi
ZIP Area
13,679
Density / Sq Mi
$37,093
Median Household Income
$42,234
Median Earnings
$1,141
Median Rent
$293,900
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Three-story office building offering 17,500 SF with additional 3,500 SF vacancy, near Newark Penn Station.
Where is this office building located?
The property is located at 45-57 Edison Place Newark, NJ.
What are key features of this property?
This property features: 130,500 SF, three‑story office building for sale with 17,500 SF available; Includes 3,500 SF vacancy on the 2nd floor and potential NOI of $400,000; NOI (2017) of $338,741 with sale price of $7,500,000
