Renovated Three-Room Office
68-70 Clinton Ave, Newark, NJ 07114
For Sale
Contact for pricing
Private bathroom, separate utilities, and a designated parking space complement this compact office layout.
Property Size900 SF
Price / SF$2.78
Days on Market16
Property Features for 68-70 Clinton Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Highway Access
Public Transit
Utilities to Site
Additional Details
Condition
Property Use
Listing Agency:
PRE RESIDENTIAL
Listed By:
ELY MESQUITA
(973) 690-5663
Source:
Brentsellsnj
Added: Oct 26
Changed: Nov 8
Last Checked: Nov 10 at 12:21PM
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 PRE RESIDENTIAL
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This renovated office suite offers three rooms and a private bathroom within approximately 900 square feet. The space has separate utilities, including electric service and gas heat, along with one designated parking space.
The property is across from Lincoln Park in downtown Newark, two blocks from the Broad Street business district and Symphony Hall. Public transportation is nearby, with access also noted to Newark Airport, the seaport, Route 78, I-95, and the Garden State Parkway.
The property is across from Lincoln Park in downtown Newark, two blocks from the Broad Street business district and Symphony Hall. Public transportation is nearby, with access also noted to Newark Airport, the seaport, Route 78, I-95, and the Garden State Parkway.
Key Highlights
- Approximately 900 square feet arranged across three rooms
- Private bathroom within the office suite
- One designated parking space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,582
Suggested Prices Based on Cap Rates
Cap Rate 5%
$351,640
$351.6K
Cap Rate 7%
$251,171
$251.2K
Cap Rate 9%
$195,356
$195.4K
Market Conditions
NOI Build-Up for 900 SF
Gross rent
$30.6K $33.96/SF
− Vacancy
−$7.1K −$7.91/SF
EGI
$23.4K $26.05/SF
− OpEx
−$5.9K −$6.51/SF
NOI
$17.6K $19.54/SF
Area
Newark, NJ
Vacancy
23.30%
Lease Rate
$33.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$351,640
Cap Rate 7%
$251,171
Cap Rate 9%
$195,356
Alternative Uses
Best Use
Office B
$251.2K
$219.8K – $293.0K
NOI $17,582 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$318.9K
$279.0K – $372.0K
NOI $22,322 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,832
Businesses Nearby
Explore this area
Business Placement
Demographics for 07114, NJ
17,767
Population
4,694
Households
3.8
Avg Household Size
39
Median Age
9%
College-Educated
69%
High-School Grad
7.9 sq mi
ZIP Area
2,249
Density / Sq Mi
$34,167
Median Household Income
$35,916
Median Earnings
$616
Median Rent
$384,700
Median Home Value
Market
Average Price Trend$/SF for Office Units in Newark, NJ
Properties on Market for Office Units in Newark
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Private bathroom, separate utilities, and a designated parking space complement this compact office layout.
Where is this office unit located?
The property is located at 68-70 Clinton Ave Newark, NJ.
What are key features of this property?
This property features: Approximately 900 square feet arranged across three rooms; Private bathroom within the office suite; One designated parking space
