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251 Walnut St Newark City, NJ $ 4,100,000
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$ 4,100,000 Get more info
251 Walnut St
$ 4,100,000
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Share Save

251 Walnut St

Newark City, NJ, 07105
$ 4,100,000
Baths0.0

Monthly Estimate*

$ 28,640

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Studio Commercial Property for sale in Newark City, NJ for $4,100,000. The lot size is 0.07.

Introducing a rare investment opportunity in the Ironbound Section of Newark located at the corner of Jefferson St & Walnut St. sitting on an 8000 sqft lot. This location allows for a 6 Fl building with the potential for 8 luxury apartments per floor and retail stores, & parking on the ground floor with convenient access to parking from Walnut and Jefferson Streets.This awesome location is near PENN Station and a short ride to NYC, houses of worship, shopping stores, bars and restaurants, Independence Park, Mass Transit on Walnut Street, and much more.

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Commercial Active

Price

$ 4,100,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 10,805

Style

MixedUse

Lot Size

0.07

Town/City

Newark City

County/Region

ESSEX

MLS | Web ID

3865743
Features
General
Sewer Public Sewer
Construction Brick/Block
Heating 3 Units
Cooling 3 Units Central Air
Utilities Electric Gas-Natural
Possession Closing
Roof Flat
Zoning Comm-Mix use
Year Built 9999
Township Newark City
Property Type Apartment Complex Mixed Use MixedUse
Tax Year 2022
Percent Ownership Fee Simple
Location Business District
County Essex
Subdivision Name Ironbound
Status Active
Directions Jefferson Street to Walnut Street
Total Units 0
Street Name Walnut St
Tax Annual Amount 10805
Drive Blacktop
Leasable Area 0
Days on Market 212
Standard Status Active
Tax Assessed Value 289200
Town # 1614
Tax Lot 63
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Interior
Basement Unfinished
Fuel Type Gas-Natural
Total Stories 0
Half Baths 0
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Exterior
Lot Features Corner
Water Source Public Water
Exterior Description Aluminum Brick
Building Area Total 0
Lot Dimensions 33X95.5
Lot Size Acres 0.07
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* Excluded Features
List By
ISAIAS GARCIA-RODRIGUES

Listing Agent

Coldwell Banker Realty

Broker

Affordability Calculator

$29,540
Per Month
97%
3%
0%
Monthly Principal & Interest
$28,640
Monthly Property Taxes
$900
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
291163 Elementary School
291353 Middle School
Unknown High School High School
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Pricing History
DatePricePrice ChangeDescription
9/20/2023$4,000,000 Listed Price

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251 Walnut St, Newark City, NJ, 07105 is a Commercial Property for sale at $4,100,000 with a lot size of 0.07. 251 Walnut St is a studio with 0.0 baths. The property's zip code is 07105 which is in Newark City, NJ

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