83 Hartford St 89 Newark, NJ 07103-2833
Property summary
This exceptional 13,350-square-foot warehouse, located at 83-89 Hartford Street in Newark, New Jersey, presents a compelling investment opportunity. Situated in the MX-2 zoned area, this free-standing building boasts a convenient location adjacent to the Rutgers University campus. The property features a single, full-height gated loading dock, ensuring efficient goods handling. The warehouse itself has undergone partial renovations and offers high ceilings, averaging 18 feet in height, providing ample storage space. The building also includes approximately 2,000 square feet of office space, perfect for administrative functions, and an additional 1,500 square feet of basement area, offering versatile storage or expansion potential. Two bathrooms are conveniently located within the building. Secure gated parking is available on the flat lot, providing ample space for vehicles and equipment. The asking price for this exceptional property is $2,550,000, translating to $191.01 per square foot. This represents a strong value proposition in a desirable location with excellent access to transportation and a thriving academic community. The property's strategic location and functional design make it ideal for a variety of industrial and storage uses. This is a rare opportunity to acquire a well-maintained warehouse in a prime Newark location.
Property profile
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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