188 Clinton AveNewark, NJ 07108

  • Other commercial real estate
  • 0.38 AC
For Sale
$2,900,000 View listing

Property Details for 188 Clinton Ave

Lot size
0.38 AC
Property type
Other commercial real estate
APN
14 02802-0000-00039
APU
1402802000000039

Description

This 14,540 square foot, single-tenant Class C office building at 188-194 Clinton Avenue in Newark, NJ, offers 13,000 square feet of immediately available medical office space. Built in 1965, the one-story building features recently updated mechanical systems, roof, and elevator. The property includes a 20,575 square foot lot with 25 parking spaces. Conveniently located minutes from downtown Newark and major highways I-78 and I-95, as well as Newark Airport and Seaport. The building is zoned C2 and has one passenger elevator. This versatile space is ideal for a variety of medical uses, including urgent care, rehabilitation, dental, and surgical practices. The property's location provides excellent accessibility for patients and staff. The building's recent upgrades ensure a modern and efficient workspace. This is a unique opportunity to secure a substantial medical office space in a prime Newark location. The property is situated in Essex County and has a convenient cross-street access via Wright Street, Avon Avenue, and Elizabeth Avenue.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $3,116,011
    Hospitality
    $2,854,250
    Educational
    $2,374,702
    Medical
    $2,456,372
    Retail
    $3,693,981
188 Clinton Ave, Newark, New Jersey

Location Insight

City
Newark
County
Essex
State
New Jersey
Latitude
40.7233
Longitude
-74.1858
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$27,401
$359,100
$375,900
$735,000
-
$359,100
$375,900
$735,000

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