244 Mulberry St, Newark, NJ 07102
This exceptional 1200 square foot creative office space, located at 244 Mulberry Street in Newark, New Jersey's vibrant downtown submarket, presents a unique opportunity. Built in 1980, this single-tenant property is zoned COM and offers a desirable open loft layout perfect for a variety of businesses. The second-floor location boasts high ceilings and a large arched window, creating a bright and airy atmosphere. Central air and heat ensure year-round comfort. The space includes two separate restrooms, a feature often sought after by businesses, and separate utilities for efficient cost management. A versatile additional room can function as a private office or storage area, adding to the space's flexibility. Its strategic location directly across from Newark's municipal buildings, City Hall, the courts, and the Prudential Center provides unparalleled visibility and accessibility, making it an ideal location for businesses seeking high foot traffic and convenient access to city services. This property is perfect for businesses seeking a unique and well-located space in the heart of Newark.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
5 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.