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$499,000
Est. payment /mo
3,600 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 3,600 sqft
Price per Sqft $138
MLS Listing ID 3952043
Year Built 1920
Annual Tax Amount $7,054
Tax Year 2024
Lot Size 2,178 Sqft
Property Sub-Type Mixed Use
Property Description
Prime Mixed-Use Investment Opportunity in the Growing Weequahic section of Newark, NJ. Discover the potential of this versatile mixed-use building, perfectly positioned in a rapidly developing South Ward. Featuring a ground-floor commercial space and two residential units above, this property offers a fantastic opportunity for investors, business owners, or those looking to add value through renovation. Main Floor: Spacious commercial unit with street frontage ideal for retail, office, or a boutique cafe . Upper Levels: Two residential units, perfect for rental income or live-work flexibility. Opportunity to Add Value: The property needs work, presenting the perfect chance for customization and increased equity. Prime Location: Situated in a high-growth area with rising property values, new developments, and strong rental demand. With the right vision and updates, this property can generate multiple streams of income and become a standout asset in your portfolio. Don't miss this rare investment opportunity!
Location
State NJ
County Essex
Zoning RDV
Rooms
Basement Unfinished
Interior
Heating Gas-Natural
Cooling Window A/C(s)
Equipment See Remarks
Heat Source Gas-Natural
Exterior
Exterior Feature Aluminum, Vinyl
Utilities Available Gas In Street
Roof Type Wood Shingle
Building
Story 3
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple
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Listed by KELLER WILLIAMS - NJ METRO GROUP