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    115 Clover St Newark, NJ 49423

    Sponsored
    For Lease
    $10 SF/Yr

    Prime Office Space Available Now

    Lot size:
    26,100 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    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 Features for 115 Clover St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    26,100 SF
    Class
    A
    Total Rate
    21750

    Building Details

    Year Built/Renovated
    1984/2012
    Buildings
    3
    Stories
    3

    Unit(s) available at that property

    Space
    1st Floor Private Offices and Conf Rooms
    Size
    11,400 SF
    Rate per SF
    $14
    Space
    Clover Commercial Office Center
    Size
    22,000 SF
    Rate per SF
    $12

    HighLights

    • Class A, 26,100 SF multi‑tenant office building with 5 suites.
    • 8‑acre site with 164 parking spaces.
    • Three 3‑story buildings totaling 26,100 square feet, built in 1984, renovated in 2012.
    • 5,000 SF of vacant space available, divisible to 4,000 SF minimum; up to 8,700 contiguous SF.
    • Features 10' ceilings, one elevator, and is zoned for commercial office use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon 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
    -86.083006808413
    Latitude
    42.793690668795

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    FAQs

    What type of property is this?
    Office space - Prime Office Space Available Now
    Where is this office space located?
    The property is located at 115 Clover St Newark, NJ.
    What is the lease rate?
    The lease rate is $12-$14 SF/Yr.
    What are key features of this property?
    This property features: Class A, 26,100 SF multi-tenant office building with 5 suites.; 8-acre site with 164 parking spaces.; Three 3-story buildings totaling 26,100 square feet, built in 1984, renovated in 2012.
    Request Owner's contact information
    115 Clover St Newark, NJ 49423
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    Newark, NJ 49423
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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
    115 Clover St Newark, NJ 49423
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