Industrial Building For Sale

488-500 Mulberry Street Newark, NJ 07114

488-500 Mulberry Street, Newark, NJ, 07114
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FOR SALE
Property Type:
Warehouse
Amount:
$10,700,000
Last Verified:
Apr 01, 2025

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Highlights

  • Fully leased industrial building
  • Net operating income of approximately ±$640,000
  • Space available for owner/user as well
  • Property taxes ±$57,000
  • Tenants with flexible leases
  • Redevelopment zoning for 8-story residential
  • Owner can vacate ±3,300 SF office, ±7,638 SF mezzanine and ±16,000 SF warehouse for user buyer
  • Dropbox available with signed NDA
  • Zoned MX-2 Med-Density Res/Comm/Industrial
  • Owner financing available

Description

Industrial warehouse for sale in Newark

Adjacent to Newark's Design District, this property is also known as 190 Murray Street and is located one block from Highway 21 and in close proximity to Routes 9, 78, 95, and 280.

Building Size: 56692sq ft
Lot Size: 1.82 acres


Documents

Newark 488 Mulberry Street Sale Brochure

Map of 488-500 Mulberry Street, Newark, NJ, 07114

Presented by:
Sitar Realty Company

Request additional information
William Sitar Jr.


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Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

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