Auto Lot | 6,917 SF lot | 1,540 SF Retail | 252-258 14th Ave
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Auto Lot | 6,917 SF lot | 1,540 SF Retail 252-258 14th Ave
6,917 SF 100% Leased Retail Building Newark, NJ 07103 £546,845 (£79/SF) 9.79% Net Initial Yield
Executive Summary
Discover a prime investment opportunity in Northern, NJ's vibrant retail market at this sought-after location. Situated in the heart of Newark at 14th Avenue, this 6,917 SF Retail space presents an enticing proposition for owner-users and investors alike. The area boasts a dynamic mix of nearby points of interest, including the bustling Market Street, bustling with a diverse collection of retail and dining options. With convenient access to major transportation routes and a growing population, this location offers the ideal setting for a successful retail venture. Embrace the potential of this thriving market and make your mark in Newark's exciting retail landscape.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
6,917 SF
Building Class
C
Year Built/Renovated
1986/2015
Price
£546,845
Price Per SF
£79
Net Initial Yield
9.79%
NOI
£53,536
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.99
Land Acres
0.16 AC
Zoning
General Commercial
Parking
28 Spaces (4.05 Spaces per 1,000 SF Leased)
Frontage
113 ft on 14th Avenue
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 14-00285-0000-00024 | Total Assessment | £97,337 (2024) |
| Land Assessment | £76,054 (2024) | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £21,283 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
14-00285-0000-00024
Land Assessment
£76,054 (2024)
Improvements Assessment
£21,283 (2024)
Total Assessment
£97,337 (2024)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023
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Auto Lot | 6,917 SF lot | 1,540 SF Retail | 252-258 14th Ave
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