168 Mcwhorter St Newark City, NJ ^$ 4,750,000

168 Mcwhorter St

^$ 4,750,000

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168 Mcwhorter St

Newark City, NJ, 07105

^$ 4,750,000

Studio Baths0.6 Sq 7,200

Monthly Estimate*

^$ 33,180

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Studio Commercial Property for sale in Newark City, NJ for $4,750,000 with 6 half baths. This 7,200 square foot building was built in 1970 on a lot size of 0.06.

A commercial real estate opportunity comprising of three buildings is available for purchase as a package. Building #1, 68-70 Garden St, features a 4,000 sqft warehouse currently used for custom window manufacturing, boasting 16 ft ceilings and a 10ft bay garage door. Building #2 168 McWhorter St is a 2,400 sqft restaurant with two half baths while Building #3 170 McWhorter St consists of four 1,800 sqft units. Unit 1 is leased to the neighboring restaurant, and above it, Unit 2 houses an art studio. Unit 3 is another 1,800 sqft warehouse, and atop it, Unit 4 is home to the Renzo Gracie Brazilian Jiu-Jitsu Martial Arts school. Motivated Seller: Bring all offers!!!

Commercial Active

Price

^$ 4,750,000

Bedrooms

Studio

Half Bath

Property Type

Commercial

Taxes

^$ 13,636

Style

Industrial Complex - Light

Lot Size

0.06

Year Built

1970

Town/City

Newark City

County/Region

ESSEX

MLS | Web ID

3881557

Features

General

Sewer Public Sewer

Construction Formed Concrete

Heating 4+ Units Forced Hot Air

Cooling 3 Units

Utilities Electric Gas In Street

Possession Closing1

Roof Flat

Zoning Commercial

Year Built 1970

Tenant Pays Electric Gas Heat Hot Water Maintenance-Common Area Snow Removal Water

Township Newark City

Property Type Industrial Complex - Light Mixed Use Industrial Complex - Light

Tax Year 2022

Percent Ownership Fee Simple

Location Business District Corner Residential Area

County Essex

Status Active

Directions Garden St to MchWhorter St

Total Units 6

Street Name Mcwhorter St

Tax Annual Amount 13636

Drive On-Street Parking

Leasable Area 80

Days on Market 24

Standard Status Active

Tax Assessed Value 365000

Town # 1614

Tax Lot 9

Farm Assessment No

Interior

Flooring Concrete Tile Wood

Fuel Type Gas-Natural

Total Stories 2

Half Baths 6

Exterior

Water Source Public Water

Exterior Description ConcBrd

Building Area Total 7200

Lot Dimensions 40X63.29 2532SF

Lot Size Acres 0.06

* Excluded Features

List By

ROCCO LOBRACE

Listing Agent

Re/Max First Realty Ii

Broker

rlobracehomes@gmail.com

Affordability Calculator

$34,317

Per Month

Monthly Principal & Interest: $33,180
Monthly Property Taxes: $1,136
Monthly Home Insurance: --

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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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Nearby

Trends
Schools

Commerical listings in Newark, NJ

Average List Price ^$1,104,317

Percent of Sale Price 77%

About Newark, NJ

283,201 Population

4% Since 2002

^$35,768 Median Income

34.98 Median Age

34% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

291163 Elementary School

291353 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/8/2024	$4,750,000	-17.39%	Price Down
1/15/2024	$5,750,000		Listed Price

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168 Mcwhorter St, Newark City, NJ, 07105 is a Commercial Property for sale at $4,750,000 with 7,200 sqft and a lot size of 0.06. 168 Mcwhorter St is a studio with 0.6 baths and was built in 1970. The property's zip code is 07105 which is in Newark City, NJ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.

Information deemed reliable but not guaranteed.

Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.

This information is being provided for Consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing.

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