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$ 859,000
Est. payment | /mo
2,980 SqFt
$ 859,000
Est. payment | /mo
2,980 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 2,980 sqft
Price per Sqft $288
MLS Listing ID 4035610
Year Built 1940
Annual Tax Amount $13,584
Tax Year 2025
Lot Size 3,049 Sqft
Property Description
Take advantage of an opportunity to diversity your portfolio owning an income producing commercial property in a highly visible location, prime redevelopment section of Newark, diagonally across from Home Depot.Includes Two storefronts (specifically a renovated barbershop paying $2,321.72 per month (annual 5% rate increase); a convenient store paying $2,600 per month)(annual increase of $1200); one upstairs office space (paying $1,906.17 per month)(annual 3% increase); and a maintenance free billboard ($1500 per month) (assumes responsibility for roof repairs). Cap rate will continually increase each year. *Sold As Is. City and State documents/ inspections are buyer's responsibility
Location
State NJ
County Essex
Zoning Commercial
Rooms
Basement Bilco-Style Door
Interior
Heating See Remarks
Cooling See Remarks
Equipment Restrooms - Private, Sign - Freestanding
Heat Source See Remarks
Exterior
Exterior Feature See Remarks
Utilities Available See Remarks
Roof Type See Remarks
Building
Story 2
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple
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Listed by EXODUS REAL ESTATE
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