399-411 Mulberry Street & 505 McCarter Highway
Industrial For Sale | Income-Producing Property with Redevelopment Potential
Marketing description
INDUSTRIAL BUILDINGS FOR SALE
Income-Producing Properties with Redevelopment Potential
The Quinas Companies Inc. (“QCRE”) is pleased to exclusively offer the property at 399-411 Mulberry Street & 505 McCarter Highway in Newark, NJ for sale. The property consists of a five-story, 72,000 SF warehouse, a one-story 4,000 SF warehouse, and a one-story 5,000 SF warehouse. The 43,000 SF parcel is located in the Lincoln Park Redevelopment Area and primed for development. The redevelopment plan permits a redevelopment without any set parameters on height or density, the potential is truly endless. 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 / Lots: 890 / 20, 21, 25, 27, 29, 90, 92
Building SF: 81,000
Land SF: +/- 43,000
Zoning: Lincoln Park RDV Plan
Taxes (2024): $78,075
Building Height: No Height Restriction
Maximum Density: None
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