407 New St Newark, NJ 07107

This exceptional retail property, located at 407 New Street in Newark, New Jersey, offers a substantial 12,000 square feet of vacant space on a 0.51-acre lot (Block 1839, Lots 32, 33, and 37). The building is situated in a highly desirable location, benefiting from excellent accessibility. It's conveniently located off I-280 and just 1.1 miles from GSP Exit 142, ensuring easy access for customers and employees. The property features a fenced-in yard, providing ample secure space, and includes two curb cuts for convenient ingress and egress. A single drive-in bay adds to the property's functionality. The zoning is designated NX-1, offering a range of potential uses. The building's corner location provides high visibility and exposure. The property is currently vacant, presenting a unique opportunity for redevelopment or immediate occupancy. Annual property taxes for 2024 are estimated at $3,405. This prime location near the New Jersey Institute of Technology (NJIT) presents a compelling investment opportunity in a thriving urban area. The property's size, location, and features make it an ideal candidate for a variety of retail businesses.