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    188 Clinton Ave Newark, NJ 07108

    Sponsored
    For Sale
    $2,900,000

    Newark, NJ Medical Office - $2.9M

    Property size:
    14,540 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This vacant, 14,540 sq ft medical/traditional office building in Newark, NJ, is offered for sale at $2,900,000. The single-story, Class C building features approximately 13,000 square feet of divisible space, perfect for owner-users or investors seeking a value-add opportunity. Recent upgrades include a new roof, mechanical systems, and elevator. The property boasts 25 surface parking spaces and sits on a 16,000 sq ft lot zoned C2. Conveniently located minutes from downtown Newark, I-78, I-95, Newark Airport, and the Seaport, this property presents a compelling investment opportunity. Operating expenses are $5.50/sq ft. The building is currently vacant and offers a multi-tenant capacity. This NNN lease property presents a strong potential for return on investment. The property's location offers easy access to major transportation arteries and a thriving urban center. The existing infrastructure, including the recently updated systems, minimizes immediate capital expenditure needs. The significant parking provision is a key advantage in a densely populated area. The flexible layout allows for customization to suit various medical or traditional office uses. This is an exceptional opportunity to acquire a well-located, updated commercial property in a growing market.

    Property Features for 188 Clinton Ave

    General Information

    Property type
    Medical offices
    Square Feet
    14,540 SF
    Class
    C

    Building Details

    Buildings
    1
    Stories
    1

    HighLights

    • 14,540 SF single‑story Class C medical/office building in Newark, NJ, available for $2,900,000.
    • Approximately 13,000 SF of divisible space ideal for owner‑users or investors.
    • Features a new roof, mechanical systems, and elevator.
    • 25 surface parking spaces on a 16,000 SF lot zoned C2.
    • Operating expenses are $5.50/SF.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.18588949271
    Latitude
    40.723616177733

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    FAQs

    What type of property is this?
    Medical office - Newark, NJ Medical Office - $2.9M
    Where is this medical office located?
    The property is located at 188 Clinton Ave Newark, NJ.
    What is the asking price?
    The asking price for this property is $2,900,000.
    What are key features of this property?
    This property features: 14,540 SF single-story Class C medical/office building in Newark, NJ, available for $2,900,000.; Approximately 13,000 SF of divisible space ideal for owner-users or investors.; Features a new roof, mechanical systems, and elevator.
    Request Owner's contact information
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    Newark, NJ 07108
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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
    188 Clinton Ave Newark, NJ 07108
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