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    OFF-MARKET
    Neighborhood centers

    222 Halsey St, Newark, NJ 07102

    40,000 SF
    Property ID
    US59-2552674
    Property summary
    AI-generated overview

    This exceptional 40,000 square foot retail property, located at 222 Halsey Street in Newark, New Jersey, presents a unique investment opportunity. The property is classified as a multi-tenant strip center with a traditional design, encompassing a total of 40,000 square feet of space, currently 100% vacant. Situated in Essex County, with a convenient zip code of 07102, this location offers significant potential for redevelopment or lease-up. The property's size and layout are ideal for a variety of retail uses, potentially accommodating multiple tenants. The building's design is described as a traditional strip center, suggesting a straightforward and potentially adaptable floor plan. The entire 40,000 square feet is available, providing a blank canvas for a single large tenant or the opportunity to create a vibrant mixed-use retail environment. Given its location in Newark, NJ, the property benefits from access to a substantial population base and existing infrastructure. The address, 222 Halsey Street, provides excellent visibility and accessibility. This is a rare opportunity to acquire a significant retail space in a dynamic urban setting. The property's size and vacancy make it an attractive prospect for investors and developers seeking a substantial presence in the Newark market. Further details regarding zoning and potential uses are available upon request.

    Property profile
    Verified
    Property type Neighborhood centers
    Total area 40,000 SF
    UPID US59-2552674
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Provident Bank Bank Loan Service
    • Polished Concrete Solution General Contractor Renovation Specialist
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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