18 Oliver St Newark, NJ 07102
- Land
- 0.25 lot acres
Current Use by Public Records
- Club Metro USA / Personal Trainer / Physical Fitness Program
- Maria Nela Batista Realtor / Real Estate Agent
- Eder Charles / Occupational Therapist / Health Care Facility
- New Direction Realty / Real Estate Agency
- New Direction School / Real Estate School / Vocational School
Property Details for 18 Oliver St
- Lot size
- 0.25 lot acres
- Property type
- Land
Description
This exceptional 0.25-acre commercial land parcel, located at 18 Oliver Street in Newark, NJ, 07102, presents a unique investment opportunity. The property features a spacious, open lot capable of accommodating up to 40 vehicles, including cars, buses, and straight trucks. Its strategic location in the Near Ironbound submarket offers convenient access to major transportation routes and the vibrant Ironbound district. The lot is ideal for various uses, providing ample parking space for businesses or events, but is explicitly unsuitable for tractor-trailers and car dealerships. The entire lot is available for lease at a monthly rate of $9,000. The property is a single-tenant offering, with no existing buildings or utilities on-site. This presents a blank canvas for a savvy investor seeking a high-return parking facility in a prime Newark location. The property's proximity to 71 East Kinney Street further enhances its accessibility and visibility. This is a rare opportunity to acquire a well-situated, versatile parking lot in a thriving New Jersey market. The lease terms are available upon request.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Newark
- County
- Essex
- State
- New Jersey
- Longitude
- -74.1724
- Latitude
- 40.7277
