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    111 Mulberry St Newark, NJ 07102

    Sponsored
    For Lease
    Contact for pricing

    1,000 SF Ground Floor Retail/Office

    Lot size:
    83,740 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1,000 square foot ground floor commercial space is situated within a well-maintained 70-unit apartment complex at 111 Mulberry Street, Newark, NJ 07102. Located in Essex County, this Class B property offers a prime opportunity for medical office or storefront retail use. Built in 1988, the entire building encompasses 83,740 square feet, with this suite representing a single, readily available unit. The space is ideal for a variety of medical practices or retail businesses seeking high visibility and convenient access. The property's location within a residential complex provides a built-in customer base and ensures consistent foot traffic. This presents a unique chance to establish a thriving business in a densely populated area of Newark. The address is easily accessible, offering excellent visibility and convenient parking options for both patients and customers. The space is currently vacant and ready for immediate occupancy, allowing for quick setup and commencement of operations. This is a rare opportunity to secure a well-located, versatile commercial space in a thriving Newark neighborhood. The property's existing infrastructure and convenient location make it an attractive investment for businesses seeking a strong foothold in the Newark market. Serious inquiries are encouraged to explore this promising commercial real estate opportunity.

    Property Features for 111 Mulberry St

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    83,740 SF
    Class
    B

    Building Details

    Year Built
    1988

    Unit(s) available at that property

    Space
    Available Space
    Size
    1,000 SF

    HighLights

    • 1,000 SF ground floor commercial space in a 70‑unit apartment building at 111 Mulberry Street, Newark, NJ 07102.
    • Excellent visibility and high foot/auto traffic.
    • Suitable for medical or retail use; previously a medical office.
    • Abundant natural light and three separate entrances, including a private market entrance.
    • Allows tenant signage and is near amenities (restaurants, banks, shopping, post office, public transit).
    Property Profile Location Intelligence

    Current Use by Public Records

    Renaissance Towers Association ... Condominium Complex CASHLAKE BUY HOUSES 🏘 Real Estate Consultant B2B Transportation Services Trucking Company Waldo Lofts Condo ... Condominium Complex Icon Parking Parking Garage

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store 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
    -74.1695999
    Latitude
    40.7352872

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    FAQs

    What type of property is this?
    Medical office - 1,000 SF Ground Floor Retail/Office
    Where is this medical office located?
    The property is located at 111 Mulberry St Newark, NJ.
    What are key features of this property?
    This property features: 1,000 SF ground floor commercial space in a 70-unit apartment building at 111 Mulberry Street, Newark, NJ 07102.; Excellent visibility and high foot/auto traffic.; Suitable for medical or retail use; previously a medical office.
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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
    111 Mulberry St Newark, NJ 07102
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