Listed by EXP Realty
$1,999,000
3 Commerical Units With Opportunity to Upscale
Details
Property Type Industrial, Mixed Use
Sub Type Storefront, Warehouse
Square Footage 4,250
Units 5
Cap Rate 8.00%
Occupancy 94%
Tenancy Multi
Lease Type NNN
Pro-Forma NOI $215,100
Year Built 2010
Lot Size (SqFt) 10,502
Sale Condition Bank owned foreclosure
Located Next To New Lionsgate Studio
Marketing description
Prime commercial property on Frelinghuysen Avenue located just steps from the future Lionsgate Studios, set to break ground in 2026. This property also includes 34-36 Foster St as a package deal. This is a rare opportunity to invest in a designated redevelopment zone with tremendous growth potential. Minutes from New York City, less than 10 minutes from Newark Liberty Airport, and with direct access to NYC-bound transportation, this location offers exceptional visibility and connectivity. Whether you're looking to redevelop, lease, or hold, this site is a true gold mine for long-term investment and high potential returns. Property 699-701 Frelinghuysen Ave is also for sale and both properties can be purchased collectively.
Listing Contacts
Listed by EXP Realty
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