Property profile

251 Walnut St Newark, NJ 07105

FOR SALE
Commercial real estate
Property ID
US59-0529227
0.07 ac lot
Individually Owned 20-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity encompasses three contiguous properties located at 251, 253, and 255 Walnut Street in Newark, New Jersey. Situated within the vibrant Ironbound section of the city, this portfolio benefits from its strategic location in both an Opportunity Zone and a designated transit village. The combined properties offer significant potential for a variety of uses, given their proximity to key transportation hubs and thriving commercial areas. The total land area is 0.07 acres. The buildings themselves comprise a total of 999 square feet. The asking price for this unique three-property package is $4,100,000. This presents a rare chance to acquire a well-positioned asset in a rapidly developing area of Newark. The proximity to Newark Penn Station provides easy access to regional and national transportation networks, while the nearby Red Bull Arena adds to the area's dynamic atmosphere and potential for increased foot traffic and visibility. Investors seeking a high-growth opportunity in a revitalized urban setting should seriously consider this exceptional portfolio. The Opportunity Zone designation offers significant tax advantages, making this an even more compelling investment proposition. Detailed property records and financial information are available upon request.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Construction FRAME
Lot 0.07 ac (3,149 SF)
APN 14 00962-0000-00063
UPID US59-0529227

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
  • Restaurant

Location

251 Walnut St Newark, NJ 07105
Newark metro Census 7000 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$385k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$385k

Owner & transaction history

since 2006
2 recorded transactions
2006
$1
1969
Price N/A

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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