116-130 Orchard Street
Industrial For Sale | Income-Producing Property w/ Redevelopment Potential
Marketing description
INDUSTRIAL BUILDING FOR SALE
Income-Producing Property with Redevelopment Potential
The Quinas Companies Inc. (“QCRE”) is pleased to exclusively offer the property at 116-130 Orchard Street in Newark, NJ for sale. The property consists of a one-story, 28,000 SF warehouse with nine drive in doors and two loading docks. The 47,000 SF parcel lies in the Lincoln Park Redevelopment plan which offers the as-of-right development of a six story multi-family building with up to 250 units. The improvements are centrally located, just outside of Downtown Newark and within walking distance to Newark’s Penn Station. Additionally, the site is just off Route 21 with direct access to major highway arteries I-78, I-280, and I-95.
Investment highlights
Block / Lot: 890 / 50
Building SF: 28,000
Land SF: +/- 47,000
Zoning: Lincoln Park RDV Plan
Taxes (2024): $38,000
Building Height: Up to 6 Stories
Maximum Density: Up to 250 Units
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