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456 Market St Newark, NJ 07107

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For Sale
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High-Cap Rate Multi-Tenant Retail Property

Property size:
3,000 SF

Property Features for 456 Market St

General Information

Property type
Retail properties & Spaces
Square Feet
3,000 SF
Lot Size
15,682 SF

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Listing Contact
Juan Disla
Juan Disla

Listing Agency: The Blau & Berg Company Listing Agent: Juan Disla

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

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Property Insight Report

Overview

This exceptional investment opportunity presents a recently renovated gas station and convenience store located at 456 W Market St, Newark, NJ 07107. The property boasts a substantial 3,000 square feet of retail space situated on a 0.36-acre lot (Block 1854, Lot 6) in Essex County. The existing business is included in the sale, offering immediate cash flow and significant upside potential. The property's strong performance is reflected in its impressive 10% capitalization rate. The 2022 property taxes were $14,944. This multi-tenant retail property is ideally positioned for continued growth and profitability, making it an attractive investment for discerning buyers seeking a high-yield asset in a dynamic market. The property's recent renovations ensure modern amenities and efficient operations, minimizing future capital expenditures. This turnkey operation provides a seamless transition for new ownership, allowing for immediate revenue generation and long-term value appreciation. The strategic location in Newark, New Jersey, offers excellent visibility and accessibility, attracting a consistent flow of customers. This is a rare opportunity to acquire a well-established, high-performing retail property with substantial growth potential.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Power Service Center Auto Repair Shop Millenium Gas Station

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

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

Location Insight

  • Map
  • Local Demand
City
Newark
County
Essex
State
New Jersey
Longitude
-74.1936503
Latitude
40.7492933

FAQs

What type of property is this?
Retail property - High-Cap Rate Multi-Tenant Retail Property
Where is this retail property located?
The property is located at 456 Market St Newark, NJ.
What are key features of this property?
This property features: Recently renovated gas station and convenience store.; ±3,000 square foot building.; Business included in sale.
(973) 379-6644 Call to check price and availability
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