Downtown Newark Mixed Use
55 William Street, Newark, NJ
For Sale
Mixed Use
Office/Retail
Market Price
Price
0.08 acres
Lot Area
D
Class
Overview
Lot Area
0.08 acres
Class
D
Units
6
Zoning
RDV/Living Downtown
Tenancy
Multiple
Floors
2
Construction Status
Pre-Existing
Roof
Flat
Investment Strategy
Opportunistic
Description
2-story masonry structure featuring six demised commercial leaseholds. Utility infrastructure is separately metered. Currently in broom-clean condition and sold in "As-Is/Where-Is" condition. Seller has no approvals. Opportunistic investment for proposed multi-story mixed-use (Residential/Commercial) redevelopment project subject to local planning board approval.
Highlights
- Corner Lot Visibility @ Signalized Traffic Intersection
- Downtown CBD Geography
- Pre-existing Masonry Structure