310-312 Adams St Newark, NJ 07105-6502
Property Lookup
Property profile & analytics
310-312 Adams St Newark, NJ 07105-6502
- Industrial properties
- 0.04 lot acres
Property ID
US59-1367508
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.
Location Intelligence
Current Use by Public Records
- Industrial properties
Property Details for 310-312 Adams St
- Lot size
- 0.04 lot acres
- Property type
- Industrial properties
- APN
- 14 00970-0000-00062- 01
- APU
- 140097000000006201
Description
This thriving Italian restaurant, located at 310-312 Adams Street in Newark, New Jersey's vibrant Ironbound section, presents a remarkable investment opportunity. Priced at $160,000, this turnkey business boasts a substantial 21.62% cap rate and a strong net operating income (NOI) of $34,600. The 1,700 square foot space, situated on a 1,736 square foot lot, underwent a complete remodel in 2023. The sale includes all equipment, valued at over $50,000, most of which is less than a year old and still under warranty. This ensures a smooth transition for the new owner. All current employees are willing to remain, providing continuity and established clientele. The current owner is also available to assist with the transition post-closing. This is a fantastic opportunity for an owner-user seeking a profitable, established business with seller financing available. A detailed breakdown of expenses and equipment inventory is readily available upon request. The property is classified as a Class B building with a gross lease. The business is located at the corner of Adams Street and Malvern Street, offering excellent visibility and accessibility. This is a business-only sale
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $625,000
- ML approach
- $680,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Newark
- County
- Essex
- State
- New Jersey
- Longitude
- -74.1627
- Latitude
- 40.7216
- 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
$11,070
$115,500
$180,800
$296,300
-
$115,500
$180,800
$296,300
