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    244 Mulberry St Newark, NJ 07102

    Sponsored
    For Lease
    $20 SF/Yr

    1200 sq ft Creative Office, High Ceilings

    Lot size:
    1,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1200 square foot creative office space, located at 244 Mulberry Street in Newark, New Jersey's vibrant downtown submarket, presents a unique opportunity. Built in 1980, this single-tenant property is zoned COM and offers a desirable open loft layout perfect for a variety of businesses. The second-floor location boasts high ceilings and a large arched window, creating a bright and airy atmosphere. Central air and heat ensure year-round comfort. The space includes two separate restrooms, a feature often sought after by businesses, and separate utilities for efficient cost management. A versatile additional room can function as a private office or storage area, adding to the space's flexibility. Its strategic location directly across from Newark's municipal buildings, City Hall, the courts, and the Prudential Center provides unparalleled visibility and accessibility, making it an ideal location for businesses seeking high foot traffic and convenient access to city services. This property is perfect for businesses seeking a unique and well-located space in the heart of Newark.

    Property Features for 244 Mulberry St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,200 SF

    Building Details

    Year Built
    1980

    Unit(s) available at that property

    Space
    Size
    1,200 SF
    Rate per SF
    $20

    HighLights

    • 1200 sq ft creative office space in Newark, NJ's downtown.
    • Single‑tenant property, built in 1980, COM zoning.
    • Open loft layout with high ceilings and large arched window.
    • Central A/C & heat, two restrooms, separate utilities.
    • Additional room for office or storage.
    • Prime location across from Newark City Hall, courts, and Prudential Center.
    Property Profile Location Intelligence

    Current Use by Public Records

    ORALE WEY MEXICAN ... Mexican Restaurant Fernandos Mediterranean Cuisine Mediterranean Restaurant LUSTOPIA Live Music Venue

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.1714235
    Latitude
    40.7305628

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    FAQs

    What type of property is this?
    Office space - 1200 sq ft Creative Office, High Ceilings
    Where is this office space located?
    The property is located at 244 Mulberry St Newark, NJ.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: 1200 sq ft creative office space in Newark, NJ's downtown.; Single-tenant property, built in 1980, COM zoning.; Open loft layout with high ceilings and large arched window.
    Request Owner's contact information
    244 Mulberry St Newark, NJ 07102
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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
    244 Mulberry St Newark, NJ 07102
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