For Sale
$2,900,000

188 Clinton AveNewark, NJ 07108

Newark, NJ Medical Office - $2.9M

Overview

Added:
Dec 11, 2024
Days on market:
116
This vacant, 14,540 sq ft medical/traditional office building in Newark, NJ, is offered for sale at $2,900,000. The single-story, Class C building features approximately 13,000 square feet of divisible space, perfect for owner-users or investors seeking a value-add opportunity. Recent upgrades include a new roof, mechanical systems, and elevator. The property boasts 25 surface parking spaces and sits on a 16,000 sq ft lot zoned C2. Conveniently located minutes from downtown Newark, I-78, I-95, Newark Airport, and the Seaport, this property presents a compelling investment opportunity. Operating expenses are $5.50/sq ft. The building is currently vacant and offers a multi-tenant capacity. This NNN lease property presents a strong potential for return on investment. The property's location offers easy access to major transportation arteries and a thriving urban center. The existing infrastructure, including the recently updated systems, minimizes immediate capital expenditure needs. The significant parking provision is a key advantage in a densely populated area. The flexible layout allows for customization to suit various medical or traditional office uses. This is an exceptional opportunity to acquire a well-located, updated commercial property in a growing market.

Highlights

  • 14,540 SF single-story Class C medical/office building in Newark, NJ, available for $2,900,000.
  • Approximately 13,000 SF of divisible space ideal for owner-users or investors.
  • Features a new roof, mechanical systems, and elevator.
  • 25 surface parking spaces on a 16,000 SF lot zoned C2.
  • Operating expenses are $5.50/SF.

Property Details for 188 Clinton Ave

Property type
Office properties, Medical offices
Square Feet
14,540 SF
Class
C
Buildings
1
Stories
1

Location Insight

City
Newark
County
Essex
State
New Jersey
Latitude
40.723616177733
Longitude
-74.18588949271
188 Clinton Ave, Newark, New Jersey

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188 Clinton Ave
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