Listing Provided Courtesy Of:
EXP Realty, LLC
Address
45-55 Tichenor Street, Newark, NJ
Price
$ 1,800,000
Property Attributes
  • ID#22022260
  • TypeLand
  • CountyESSEX
  • CityNewark
  • AreaNewark
  • Zip07102
  • Style
  • Price$ 1,800,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Data Source:
New Jersey MLS (NJMLS)
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.

Price History
6/16/2022 Listed $2,000,000
6/29/2022 10% - $1,800,000

General Features

Area 0714
Proptype 8
Status ACTIVE
Waterfront None
Zone Com/Com

Exterior Features

Flood Plain None
Improvements O/See Remk

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Land Average in 07102

Price
AVG $1.8M
$1.8M
Visits
AVG 23
17
Walkscore
AVG 90
90
Data Provided by Walkscore ® not using MLS data

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