Watsessing, NJ Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Watsessing, New Jersey Market population: 277K. Browse multifamily, office, retail, industrial, and mixed-use investment...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Watsessing NJ Properties: 3.2000%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Watsessing NJ
Common questions from investors exploring commercial real estate in Watsessing NJ.
What's the overall investment outlook for Newark, NJ, considering its demographics and economy?
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Newark's diverse population, with top ethnicities including Black (33.2%), Hispanic (25.2%), and White (15.4%), combined with a median household income of $33,960 and a poverty rate of 27.1%, suggests a resilient market with potential for growth, especially given the strong presence of industries like Information and Public Administration.
How does the city's commute infrastructure impact the quality of life for residents and, by extension, real estate investment?
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The average commute time of 32.3 minutes, with a significant portion of residents using public transit, indicates a relatively well-connected city, which is beneficial for residents and investors alike, especially when considering the health insurance coverage rate of 79.2% that suggests a degree of employment stability.
What are the implications of Newark's poverty rate and health insurance coverage for real estate investors?
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The 27.1% poverty rate, while concerning, is somewhat mitigated by the 79.2% health insurance coverage, suggesting that many residents have access to employment benefits, which can contribute to a more stable tenant base for investors, particularly when investing in affordable housing or rental properties.
How do the top industries in Newark influence the demand for housing and real estate investment opportunities?
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The presence of top industries such as Information, Public Administration, and Finance & Insurance, & Real Estate & Rental & Leasing, indicates a demand for housing that can cater to a variety of professional needs, from affordable rentals for service workers to more upscale properties for professionals, offering a broad spectrum of investment opportunities.
What insights can be gleaned from Newark's homeownership rate and median property value for real estate investment strategies?
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The relatively low homeownership rate of 23.0% and a median property value of $243,200 suggest a market that may favor rental properties, with potential for investors to capitalize on the demand for housing from the employed population of 107,916, especially considering the median household income and the overall economic landscape of the city.
Watsessing NJ Real Estate & City Facts
Key facts and real estate information about Watsessing NJ.
What are some of the best neighborhoods to live in Newark?
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Some of the best neighborhoods to live in Newark include the Brookdale area, Oakview, and the area between Midland Ave and Carteret. These neighborhoods offer a mix of urban and suburban living, with easy access to parks, restaurants, and public transportation.
What are some fun things to do in Newark?
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There are plenty of fun things to do in Newark, including visiting Watsessing Park, which offers a playground, walking trails, and sports fields. You can also check out the Varitage Brew Works, a local brewery with a great selection of beers. Additionally, the nearby Clarks Pond is a beautiful spot for a walk or a picnic.
What is the food scene like in Newark?
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The food scene in Newark is diverse and exciting, with a range of restaurants serving everything from Italian to Korean to Jamaican cuisine. Some popular spots include Anthony's Cheesecake & Restaurant, Fanny's Italian restaurant, and Crabs On Thee Way, a seafood restaurant with a fun atmosphere. There are also plenty of great food trucks and cafes in the area, offering everything from coffee and pastries to tacos and BBQ.
What are the pros and cons of living in Newark?
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The pros of living in Newark include its convenient location, with easy access to public transportation and major highways. The area is also home to a number of beautiful parks and green spaces, making it a great choice for outdoor enthusiasts. However, some cons of living in Newark include the high cost of living, with expensive housing and taxes. Additionally, the area can be quite crowded and noisy, especially near the train station.
Is Newark a good place to live?
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Overall, Newark is a great place to live, offering a unique blend of urban and suburban living. While it may have some drawbacks, such as high costs and crowds, the area's many amenities, including parks, restaurants, and public transportation, make it a great choice for many people. Additionally, the community is diverse and vibrant, with a strong sense of neighborhood pride and a variety of community events and activities throughout the year.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Watsessing NJ Commercial Property: $33,960
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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