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    188 Clinton Ave Newark, NJ 07108

    Sponsored
    For Lease
    $25 SF/Yr

    13,000 SF Available, Updated Systems

    Lot size:
    14,540 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 14,540 square foot, single-tenant Class C office building at 188-194 Clinton Avenue in Newark, NJ, offers 13,000 square feet of immediately available medical office space. Built in 1965, the one-story building features recently updated mechanical systems, roof, and elevator. The property includes a 20,575 square foot lot with 25 parking spaces. Conveniently located minutes from downtown Newark and major highways I-78 and I-95, as well as Newark Airport and Seaport. The building is zoned C2 and has one passenger elevator. This versatile space is ideal for a variety of medical uses, including urgent care, rehabilitation, dental, and surgical practices. The property's location provides excellent accessibility for patients and staff. The building's recent upgrades ensure a modern and efficient workspace. This is a unique opportunity to secure a substantial medical office space in a prime Newark location. The property is situated in Essex County and has a convenient cross-street access via Wright Street, Avon Avenue, and Elizabeth Avenue.

    Property Features for 188 Clinton Ave

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    14,540 SF
    Class
    C
    Total Rate
    30291.67

    Building Details

    Year Built
    1965
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    13,000 SF
    Rate per SF
    $25

    HighLights

    • 14,540 SF building with approximately 13,000 SF available, divisible.
    • One passenger elevator.
    • 25 surface parking spaces.
    • Located in Essex County.
    • C2 zoning.
    • $5.50/SF operating expenses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.18588949271
    Latitude
    40.723616177733

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    FAQs

    What type of property is this?
    Medical office - 13,000 SF Available, Updated Systems
    Where is this medical office located?
    The property is located at 188 Clinton Ave Newark, NJ.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: 14,540 SF building with approximately 13,000 SF available, divisible.; One passenger elevator.; 25 surface parking spaces.
    Request Owner's contact information
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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
    188 Clinton Ave Newark, NJ 07108
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