$14,400,000

33 Dickerson St #0

Newark City NJ, 07103

Description

DEVELOPER'S DREAM! PACKAGE SALE: 198-206 Sussex St., 66-88 Hecker St. & 33-39 Dickerson St. Total price: $14,400,000. Strong cash flow in place to offset re-development approval & development. DEVELOPER'S DREAM. PACKAGE SALE: 198-206 Sussex St., 66-88 Hecker St. & 33-39 Dickerson St. Total price of package is $14,400,000. Zoned for Mix Use in prime location. 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 & development down time. Warehouse/Distribution and potential for residential housing.

Details

MLS#3485133
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
StatusActive
Year1920
Days On Site692

Features

Story(s)0
ZoningCOM

Additional Information

Annual Tax Amount11570
Assesed Tax Valuation325000
Tax ID3.560
Tax Rate2017

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Area Information

StateNJ
CountyEssex
CityNewark City
Zip Code07103
AreaEssex
Listing VS Median (in 07103)
Price:
$14,400,000
low | high
Med:
$229,450
100% of Average
On Site:
692
low | high
Med:
82.500000
100% of Average
Listing Updated: 05/27/2020
MLS Number: 3485133
Listing Provided By:
PRIDGEN GREGORY-ORRIN  of  LIBERTY REALTY LLC.
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