115 Clover St Newark, NJ 49423
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
1 recent transactions · within 1.5 miProperty description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.