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    1299 Mccarter Hwy Newark, NJ 07104

    Sponsored
    For Lease
    $25 SF/Yr

    Newark Retail Space, High Visibility

    Lot size:
    11,876 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail opportunity is located at 1299 McCarter Highway in Newark, New Jersey, within Essex County. The property, known as McCarter Plaza, offers a total of 11,876 square feet of commercial space, currently featuring a single available unit of 950 square feet. This prime location provides excellent visibility and accessibility for businesses seeking a strong presence in a bustling area. The building boasts ample parking with 60 spaces available for tenants and customers. The property is classified as multi-tenant retail, indicating a vibrant and diverse commercial environment. The available space presents a unique chance for a business to establish itself in a well-maintained building with convenient parking. The address is 1299 McCarter Hwy, Newark, NJ 07104. The property's geographic coordinates are latitude 40.7541652 and longitude -74.1677824. This is an ideal location for businesses seeking high foot traffic and easy access to major transportation routes. The 950 square foot space is ready for immediate occupancy, offering a blank canvas for a variety of retail concepts. Don't miss this chance to secure a prominent retail space in a thriving Newark commercial district.

    Property Features for 1299 Mccarter Hwy

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,876 SF
    Total Rate
    24741.67

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    950 SF
    Rate per SF
    $25

    HighLights

    • Excellent I‑280 accessibility.
    • Ample on‑site parking available.
    • High‑visibility pylon signage.
    • Dense population and high traffic counts.
    Property Profile Location Intelligence

    Current Use by Public Records

    Trimax Pharmacy Pharmacy The Pro Shop Barber Supply Store Simply Bagels Bagel Shop Value Act Cleaners Dry Cleaner AMB Dance Theatre Dance School

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -74.1677824
    Latitude
    40.7541652

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    FAQs

    What type of property is this?
    Retail property - Newark Retail Space, High Visibility
    Where is this retail property located?
    The property is located at 1299 Mccarter Hwy Newark, NJ.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: Excellent I-280 accessibility.; Ample on-site parking available.; High-visibility pylon signage.
    Request Owner's contact information
    1299 Mccarter Hwy Newark, NJ 07104
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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
    1299 Mccarter Hwy Newark, NJ 07104
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