EDISON, NJ – September 2016 Commercial real estate services company Lee & Associates NJ is pleased to list a property at 485 Clinton Avenue in Newark with great potential for development. The building is situated directly across the street from city of Newark Police Headquarters. \u00a0This is a prime corner location at Clinton Avenue and Bergen Street.<\/p>\n
The building\u2019s location lends itself to the development of street level retail with apartments on upper floors. The zoning is C-2 (moderate-scale to dense commercial development), which allows for ground floor commercial with commercial or residential above in buildings up to 5 stories high). Properties can have the following uses are allowed in the C-2 zone: convenience retail, finance, insurance, real estate, securities brokerage services,supermarkets, fitness center, laundromat, personal service establishment, medical clinic\/office, emergency care facility, theaters, sidewalk cafe & municipal uses.<\/p>\n
The neighborhood provides convenient transportation access, with a New Jersey Transit bus stop right outside at the corner of Clinton Ave. & Bergen St. The options for development are numerous, according to William P. Ray, Senior Vice President at Lee & Associates, who is handling the listing. \u201cThis is an up and coming area with strong daily traffic counts,\u201d he said. \u201cThe property is in a prime location for retail, and also in a livable neighborhood.\u201d<\/p>\n
Over 700,000 people live within 5 miles of the Clinton Ave. property. The surrounding blocks are the location for retailers like Home Depot, H&R Block, Foot Locker, and AAmco. A number of financial services make their home in the area as well, including Capital One, Wells Fargo, Chase, and TD Bank. The addition of a variety of eateries helps make the neighborhood convenient. These include chains like Applebee\u2019s, Subway, and McDonald\u2019s. The area is also includes multi-family properties, making it a true mixed-use location.<\/p>\n
485 Clinton Avenue\u2019s location in the city of Newark places it in the heart of the Gateway region, about 8 miles west of Manhattan. The area attracts visitors to its sports and entertainment venues, which include the New Jersey Performing Arts Center, the Prudential Center, Bears & Eagles Riverfront Baseball Stadium and the Red Bull Stadium in Harrison.<\/p>\n
The property occupies 18,949 square feet and sits on .43 acres. Offered at $2.275 million, the location\u2019s annual tax is $54,552.19. \u00a0To find out more about this opportunity, please contact William P. Ray, Senior Vice President at our office today. Office: at 732.204.1123 \u00a0Cell: 908.581.6267<\/p>\n
About Lee & Associates – New Jersey<\/strong> About Lee & Associates<\/strong> EDISON, NJ – September 2016 Commercial real estate services company Lee & Associates NJ is pleased to list a property at 485 Clinton Avenue in Newark with great potential for development. The building is situated directly across the street from city of Newark Police Headquarters. \u00a0This is a prime corner location at Clinton Avenue and Bergen Street. The building\u2019s location lends itself to the development of street level retail with apartments on upper floors. The…<\/p>\n","protected":false},"author":37,"featured_media":381,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[13,9,27,25,26],"class_list":["post-380","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-releases","tag-industrial","tag-lee-associates-new-jersey","tag-mixed-use-building","tag-newark-nj","tag-william-ray"],"yoast_head":"\n
\nLee & Associates \u2013 New Jersey,\u00a0is a unique and dynamic commercial real estate services firm with two locations – Elmwood Park and Edison, developed to provide the New Jersey area with highly qualified professionals delivering local expertise, a national reach and world class results. We offer a full complement of upper tier, Best-in-Class real estate solutions not only to owners of commercial property, but also to the companies who occupy these facilities. We are dedicated to providing outstanding customer service and are committed to achieving our clients\u2019 goals and objectives.<\/p>\n
\nCelebrating more than 36 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in the country with numerous locations across the nation including California, Colorado, Arizona, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Maryland, Michigan, Missouri, Nevada, New Jersey, New York, Ohio, South Carolina, Texas, and Wisconsin. With 800 brokers nationwide, Lee & Associates provides a wide range of specialized commercial real estate services on a local, regional and national level.
\nAdditional information can be found at\u00a0http:\/\/www.lee-associates.com<\/a>. You can also follow us on\u00a0Facebook<\/a>,\u00a0LinkedIn<\/a>\u00a0and\u00a0Twitter.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"