Property profile

115 Clover St Newark, NJ 49423

OFF-MARKET
Retail properties & Spaces
26,100 SF 8 ac lot Built 1984
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Property summary

AI-generated overview

This exceptional Class A commercial office center, totaling 26,100 square feet, offers flexible spaces ideal for a variety of businesses. Located in a desirable area with easy access via Chicago Drive, the property boasts three buildings, each three stories high, built in 1984 and extensively renovated in 2012. The center features 164 parking spaces, a single elevator, and high 10-foot ceilings throughout. Currently, 5,000 square feet of space is immediately available, with a minimum divisible space of 4,000 square feet and a maximum contiguous space of 8,700 square feet. The property sits on an expansive 8-acre lot and is zoned for commercial office use. The building's versatile design accommodates various office configurations, including executive suites, medical offices, and creative workspaces. Amenities include multiple break rooms, a large conference room capable of seating 20-25 people, and abundant natural light. The property taxes are $1.85 per square foot. This is a unique opportunity to secure high-quality office space in a well-maintained and conveniently located center. The property is suitable for multiple tenants, offering a range of sizes to accommodate diverse business needs. Contact us today to schedule a viewing and explore the possibilities.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1984
Total area 26,100 SF
Lot 8 ac (348,480 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

115 Clover St Newark, NJ 49423
Newark metro
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Value estimations

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Owner & transaction history

Comparables

1 recent transactions · within 1.5 mi
Comparable in this city
1 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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