Property profile

222 Halsey St Newark, NJ 07102

OFF-MARKET
Neighborhood centers
Property ID
US59-2552674
40,000 SF
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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

Current use

Occupant on record · Public records
  • Bank Loan Service
  • General Contractor Renovation Specialist

Location

222 Halsey St Newark, NJ 07102
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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