83 Hartford StNewark, NJ 07103

For Sale
$2,550,000 View listing
  • Industrial properties
  • 0.35 AC

Property Details for 83 Hartford St

Construction
BRICK
Lot size
0.35 AC
Property type
Industrial properties
APN
14 01838-0000-00001
APU
1401838000000001

Description

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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,880,219
    Hospitality
    $2,638,266
    Educational
    $2,195,006
    Medical
    $2,270,496
    Retail
    $3,414,454
83 Hartford St, Newark, New Jersey

Location Insight

City
Newark
County
Essex
State
New Jersey
Latitude
40.7454
Longitude
-74.1882
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
2022
$23,813
$312,400
$325,000
$637,400
-
$312,400
$325,000
$637,400

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