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290 Chestnut St
Newark, NJ 07105
SHOPPING MALL SITE CHESTNUT ST AND OLIVER ST · Office Property For Sale
EXECUTIVE SUMMARY
Approx. 22,600 SF on 2nd & 3rd Floors
" Rental Rate: $22.00 PSF NNN
" 11,300 SF First Floor
" Leased to Adult Day Care
" Monthly Income Approx. $19,000.00
Building Size: Approx. 34,000 SF
" 3 Story Elevator Building
" Building Footprint 75 X 150
" Ironbound Section of Newark
" Complete Building Renovation in 2001
" All Stucco Exterior for Low Maintenance
" Abundant Parking / Gated Lot
" Ingress / Egress on Oliver & Chestnut Street '''''''''' SELLER HAS DEVLOPMENT PRINTS FOR THE SITE , ITS IN APPROVAL STAGE SEE THE ATTACHMENTS ''''''''''''
" Rental Rate: $22.00 PSF NNN
" 11,300 SF First Floor
" Leased to Adult Day Care
" Monthly Income Approx. $19,000.00
Building Size: Approx. 34,000 SF
" 3 Story Elevator Building
" Building Footprint 75 X 150
" Ironbound Section of Newark
" Complete Building Renovation in 2001
" All Stucco Exterior for Low Maintenance
" Abundant Parking / Gated Lot
" Ingress / Egress on Oliver & Chestnut Street '''''''''' SELLER HAS DEVLOPMENT PRINTS FOR THE SITE , ITS IN APPROVAL STAGE SEE THE ATTACHMENTS ''''''''''''
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Size
34,000 sq ft
Costar Property Class
B
Year Built/Renovated
1940/2001
Price
£7,854,315
Price per sq ft
£231.01
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
3
Typical Floor Size
11,333 sq ft
Plot ratio
1.82
Total Plot Size
0.43 ac
Use Class
commercial
Parking
14 Spaces (0.37 Spaces per 1,000 sq ft Leased)
AMENITIES
- Smoke Detector
PROPERTY TAXES
| Parcel Number | 14-00956-0000-00017-07 | Improvements Assessment | £895,835 |
| Land Assessment | £637,105 | Total Assessment | £1,532,940 |
PROPERTY TAXES
Parcel Number
14-00956-0000-00017-07
Land Assessment
£637,105
Improvements Assessment
£895,835
Total Assessment
£1,532,940
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