67-69 Lincoln Park
9 Unit Apartment Building $1,300,000 ($144,444/Unit) Newark, NJ 07102
EXECUTIVE SUMMARY
Step into a rare opportunity to transform a piece of Newark's history into something extraordinary. This historic building, once a school, is nestled in the vibrant heart of the Lincoln Park neighborhood, offering a prime location and endless potential. The structure is a true blank canvas, with framing already started, allowing you to reimagine and reconfigure the space to suit your vision. Ideal project for a multi family residential development or a creative mixed use space. The building is being sold "AS IS" providing you with the freedom to design and build according to your goals. Whether you're a developer, investor, or
visionary, this historic school building offers the perfect foundation to create something truly special. 9 units plus 3 additional. units.
visionary, this historic school building offers the perfect foundation to create something truly special. 9 units plus 3 additional. units.
PROPERTY FACTS
| Price | $1,300,000 |
| Price Per Unit | $144,444 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.53 AC |
| Building Size | 18,484 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1900 |
| Parking Ratio | 1.35/1,000 SF |
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Walk Score®
Very Walkable (87)
Transit Score®
Excellent Transit (77)
PROPERTY TAXES
| Parcel Number | 14-00621-0000-00009 | Improvements Assessment | $1,400,000 |
| Land Assessment | $480,000 | Total Assessment | $1,880,000 |
ZONING
| Zoning Code | R-2 |
