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45-55 Tichenor Street

Newark, NJ 07102
  • $1,800,000
  • STATUS: Active
  • ON SITE: 53 Days
  • MLS #: 22022260
UPDATED: 94 min ago
$1,800,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:
Area:

School Ratings & Info

Description

The offering at 45 Tichenor Street offers a truly unique opportunity for development in South IronBound. The lot measures approximately 12,000 square feet, zoned R4 - allowing for low-rise multifamily development up to 4 stories high, as-of-right. Coupled in with this development potential is a current tenant paying $7,500/month. There is an active lease in place, but the lease does contain a cancellation clause, which a new buyer can exercise once shovels are ready. Its rare to find a development site with current cash flow that can act as a hedge to your investment. Buyers are responsible for independently verifying the maximum development potential.

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© 2022 New Jersey Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Pina Nazario, Coldwell Banker Residential Brokerage. The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Pina Nazario, Coldwell Banker Residential Brokerage are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. Data last updated: 2022-08-09T00:16:20.65.
www.pickpina.com/homes/129935193
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45-55 Tichenor Street Newark, NJ 07102

  • Price: $1,800,000
  • Status: Active
  • On Site: 53 Days
  • Updated: 94 min ago
  • MLS #: 22022260
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Newark
County:
Essex
Area:
Newark
Property Description
The offering at 45 Tichenor Street offers a truly unique opportunity for development in South IronBound. The lot measures approximately 12,000 square feet, zoned R4 - allowing for low-rise multifamily development up to 4 stories high, as-of-right. Coupled in with this development potential is a current tenant paying $7,500/month. There is an active lease in place, but the lease does contain a cancellation clause, which a new buyer can exercise once shovels are ready. Its rare to find a development site with current cash flow that can act as a hedge to your investment. Buyers are responsible for independently verifying the maximum development potential.
Exterior Features

Improvements O/See Remk Waterfront None

Property Features

Flood Plain None Sale Or Lease Sale Zoning Com/Com

Listing provided by Eric Eckhardt of Exp Realty, Llc: (866) 201-6210.


© 2022 New Jersey Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Pina Nazario, Coldwell Banker Residential Brokerage. The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Pina Nazario, Coldwell Banker Residential Brokerage are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. Data last updated: 2022-08-09T00:16:20.65.
 
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Pina Nazario, Coldwell Banker Residential Brokerage
789 Clifton Avenue
Clifton NJ, 07013