198 Sussex #0
Newark City, NJ 07103

$14,400,000

Description

Great investment opportunity! PACKAGE SALE with 66-88 Hecker St. & 33-39 Dickerson St. DEVELOPER'S DREAM! PACKAGE SALE with 66-88 Hecker St. & 33-39 Dickerson St. Zoned for Mix Use in prime location: Major portion of city square block for sale with huge upside potential. Property is located in the center of The Urban Enterprise re-development zone., close to Downtown, Interstate 280, NJIT, Rutgers, and Newark International Airport. Highlights: +/- 100,000 sq.ft. of warehouse space which generates high rental revenue. Tremendous upside value to re-develop. Strong cash flow in place to offset re-development approval and development down time. Seize the moment and own it! Great investment opportunity!

Details

MLS#3482571
StyleIndustrial
Sub-TypeResale
StatusActive
Year1980
Days On Site334

Features

Story(s)0
Zoning0

Additional Information

Annual Tax Amount16198
Assesed Tax Valuation455000
Tax ID3.560
Tax Rate2017

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Area Information

StateNJ
CountyEssex
CityNewark City
Zip Code07103
AreaEssex
Listing VS Median (in 07103)
Price:
$14,400,000
low | high
Med:
$217,000
100% of Average
On Site:
334
low | high
Med:
145
100% of Average
Listing Updated: 05/26/2019
MLS Number: 3482571
Listing Provided By:
PRIDGEN GREGORY-ORRIN  of  LIBERTY REALTY LLC.