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    59-65 Mcwhorter St Newark, NJ 07105

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    For Lease
    Contact for pricing

    Available retail space suitable for various businesses in Newark, NJ.

    Property size:
    3,926 SF
    Lot size:
    0.40 Acres

    Property Features for 59-65 Mcwhorter St

    General Information

    Size
    3,926 SF
    Lot size
    0.40 Acres
    Source: Moodyscre

    Listing Agent: Juan Disla

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Modern Retail Space in Newark

    This retail space, offering approximately 3,926 square feet within a larger building of about 130,000 square feet, is available for lease. Situated on a lot of approximately 10.4 acres (Block 194, Lot 10), the property features high ceilings and floor-to-ceiling windows, presenting an open canvas with a boutique, artsy, and modern aesthetic. The 2024 taxes are $25,294.48. It is ideally suited for a coffee shop, bakery, restaurant, wellness concepts, grocery store, or juice bar.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.1655193
    Latitude
    40.7309464

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    FAQs

    What type of property is this?
    Retail space - Available retail space suitable for various businesses in Newark, NJ.
    Where is this retail space located?
    The property is located at 59-65 Mcwhorter St Newark, NJ.
    What are key features of this property?
    This property features: - Ideal for Coffee Shop, Bakery, Restaurant, Wellness Concepts, Grocery, Juice Bar; - ±3,926 SF Available Space; - High Ceilings
    (973) 379-6644
    Request Owner's contact information
    59-65 Mcwhorter St Newark, NJ 07105
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    Newark, NJ 07105
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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
    59-65 Mcwhorter St Newark, NJ 07105
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