Westfield NJ Area Real Estate and Homes For Sale

Home for Sale at 198 Sussex, Newark City, NJ 07103

 
 
 
 
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     For additional information, contact Keller Williams Realty Premier Properties of Westfield Phone: (908) 233-8502
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198 Sussex, Newark City, NJ 07103
Listing# 3482571
 
 
 
 
Price: $14,400,000
Type: Commercial
County: Essex
 
 
 
 
    Photo of home for sale at 198 sussex, Newark City NJ
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Property Description:
 
 
 
 
Great investment opportunity! PACKAGE SALE with 66-88 Hecker St. & 33-39 Dickerson St. 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 sq. ft. of warehouse space which generates high rental revenue. Tremendous upside value to re-develop. Strong cash flow in place to offset re-development approval and development down time. Seize the moment and own it! Great investment opportunity!

 
 
 
 
OVERVIEW:
 
 
 
 
Property Type:Commercial
Listing Status:Active
Property Subtype:See Remarks, Industrial Complex - Heavy
Year Built:1980
Acres:0.28
Exterior:Brick/Block
Roofing:Flat
Parking Description:See Remarks, On-Street Parking
Heating:See Remarks
Cooling:See Remarks, Central Air
Water:Public Water
Sewer:Public Available
Utilities:See Remarks
 
 
 
 
FINANCIAL:
 
 
 
 
Listing Price:$14,400,000
Tax Amount:$16,198
Tax Year:2017
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All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Keller Williams Realty Premier Properties of Westfield shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

 

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