Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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