198-206 SUSSEX AVE
198-206 SUSSEX AVE Newark, New Jersey 07103 United States

$14,400,000
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Hudson County MLS

$14,400,000
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F1806261451700150
Web Id
180012113
MLS ID
332
days ago

About 198-206 SUSSEX AVE

DEVELOPER'S DREAM. PACKAGE SALE with 66-88 Hecker St. & 33-39 Dickerson St. Zoned for Mix Use in prime location: Major portion of city square block for sale with huge upside potential. Property is located in the center of The Urban Enterprise re-development zone., close to Downtown, Interstate 280, NJIT, Rutgers, and Newark International Airport. Highlights: +/- 100,000 square feet of warehouse space which generates high rental revenue. Tremendous upside value to re-develop. Versatile location near mass transit and easy access to the Airport and major highways- Strong cash flow in place to offset re-development approval and development down time. Property can also be delivered vacant. Potential uses: Dynamic investment opportunities, proactive city council- Almost any beneficial commercial applications! Warehouse/Distribution and potential for residential housing. Mixed Use commercial facility charter school. Seize the moment and own it! Great investment opportunity!

Property Details

Area
Newark

Exterior

Lot Description
00001
Listing Courtesy of GREGORY PRIDGEN, LIBERTY REALTY LLC