111 Mulberry St 1102 Newark, NJ 07102-4008
This exceptional 1,000 square foot ground floor commercial space is situated within a well-maintained 70-unit apartment complex at 111 Mulberry Street, Newark, NJ 07102. Located in Essex County, this Class B property offers a prime opportunity for medical office or storefront retail use. Built in 1988, the entire building encompasses 83,740 square feet, with this suite representing a single, readily available unit. The space is ideal for a variety of medical practices or retail businesses seeking high visibility and convenient access. The property's location within a residential complex provides a built-in customer base and ensures consistent foot traffic. This presents a unique chance to establish a thriving business in a densely populated area of Newark. The address is easily accessible, offering excellent visibility and convenient parking options for both patients and customers. The space is currently vacant and ready for immediate occupancy, allowing for quick setup and commencement of operations. This is a rare opportunity to secure a well-located, versatile commercial space in a thriving Newark neighborhood. The property's existing infrastructure and convenient location make it an attractive investment for businesses seeking a strong foothold in the Newark market. Serious inquiries are encouraged to explore this promising commercial real estate opportunity.
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Icon Parking Parking Lot & Garage
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
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.