Property profile

374-376 Chestnut St Newark, NJ 07105

OFF-MARKET
Commercial real estate
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Property summary

AI-generated overview

This exceptional commercial property, located at 374-376 Chestnut Street in Newark, New Jersey, presents a significant investment opportunity. The property is listed at $2,100,000 and offers substantial potential for a variety of commercial uses. While the exact square footage is not currently specified, the property's prime location in Newark makes it an attractive prospect for businesses seeking a strong foothold in a vibrant urban market. The property sits on a lot with zero acres, suggesting a compact and potentially highly efficient layout. The "Other" property type designation indicates a versatile space adaptable to a range of commercial ventures, from retail to office space, or potentially even a mixed-use development, subject to local zoning regulations. Further due diligence is recommended to ascertain the precise zoning and permitted uses. Given the price point and location, this property is likely to attract considerable interest from investors and developers seeking a strong return on investment in a rapidly developing area of Newark. Interested parties are encouraged to conduct thorough inspections and research to fully assess the property's potential and suitability for their specific needs. The absence of square footage information underscores the need for a comprehensive site visit and review of available documentation. This property represents a unique chance to acquire a strategically located commercial asset in a dynamic urban setting.

Property profile

Verified
Property type Commercial real estate

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

374-376 Chestnut St Newark, NJ 07105
Newark metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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