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Property profile & analytics

252 Washington St Newark, NJ 07102

  • Commercial real estate
  • 0.02 lot acres
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US59-3012994
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Professional Hair Braiding / Hair Salon / Nail Salon
  • crown pizza / Restaurant

Property Details for 252 Washington St

Construction
BRICK
Lot size
0.02 lot acres
Property type
Commercial real estate
APN
14 00060-0000-00012
APU
1400060000000012

Description

This exceptional retail space at 252 Washington Street in Newark, NJ, offers unparalleled visibility at a three-corner intersection in the heart of downtown. Boasting a single-tenancy setup, this property benefits from its strategic location directly across from the Essex County Court House, Essex Community College, the 1,075-unit Halo development, the 207-unit Metropolitan Tower, and Saint Benedict's Prep School. This ensures high foot traffic and significant exposure to a diverse population. The property's prime corner location provides fantastic visibility from both Washington Street and Market Street, maximizing its marketing potential. Furthermore, its proximity to public transportation is a major advantage. A mere four-minute walk to the Washington Street Light Rail station provides easy access to Newark Penn Station, facilitating convenient commutes to Manhattan, Hoboken, and Jersey City in under 30 minutes. The property is also within walking distance of Newark's vibrant business district, Rutgers University-Newark, the New Jersey Institute of Technology, and Seton Hall University, further enhancing its appeal and potential customer base. This location offers a unique opportunity for businesses seeking high visibility and accessibility within a thriving urban environment. The property is classified as prime corner retail in Essex County.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • CAP approach

  • Comparable approach

  • Alternative Use

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Location Insight

  • Map
  • Local Demand
City
Newark
County
Essex
State
New Jersey
Longitude
-74.1752
Latitude
40.7361
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$5,316
$128,400
$13,900
$142,300
-
$128,400
$13,900
$142,300
More about this property
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