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140 South St

Newark City, NJ 07114
  • $1,250,000
  • STATUS: Active
  • ON SITE: 206 Days
  • ID#: 3867418
UPDATED: 130 min ago
$1,250,000
  • 0
    BEDS
  • 0.08
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,300
    SQFT
  • $379
    $/SQFT
Neighborhood:
Type:
Commercial
County:
Area:

School Ratings & Info

Description

This mixed-use property in the IRONBOUND section of Newark presents a FANTASTIC OPPORTUNITY for those looking to start their own business or invest in a rental property. It consists of two separate residential houses and one commercial unit currently operating as a restaurant and bakery. One of the houses consists of 2 large updated bedrooms and 2 bathrooms, while the other has 3 bedrooms and 1 bathroom. Both houses feature beautiful hardwood floors throughout, updated kitchens, central AC, in-unit laundry, parking, and a basement. The property is fully leased with great tenants. It is located in a mixed district business and residential area, just one block away from Route 21 and a 5-10 minute drive to Newark airport. Additionally, it is within walking distance of Newark Penn Station, making it a must-see property. PLEASE DO NOT DISTURB THE TENANTS.

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Garden State MLS logo © 2024 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Daunno Realty Services, LLC. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Daunno Realty Services, LLC are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-04-24T15:46:56.867.
www.daunnorealty.com/homes/143954179
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140 South St Newark City, NJ 07114

  • Price: $1,250,000
  • Status: Active
  • On Site: 206 Days
  • Updated: 130 min ago
  • ID#: 3867418
0
Beds
0
Baths
0
½ Baths
0.08
Acres
3,300
SQFT
$379
$/SQFT
Neighborhood:
Ironbound
County:
Essex
Area:
Newark City
Property Description
This mixed-use property in the IRONBOUND section of Newark presents a FANTASTIC OPPORTUNITY for those looking to start their own business or invest in a rental property. It consists of two separate residential houses and one commercial unit currently operating as a restaurant and bakery. One of the houses consists of 2 large updated bedrooms and 2 bathrooms, while the other has 3 bedrooms and 1 bathroom. Both houses feature beautiful hardwood floors throughout, updated kitchens, central AC, in-unit laundry, parking, and a basement. The property is fully leased with great tenants. It is located in a mixed district business and residential area, just one block away from Route 21 and a 5-10 minute drive to Newark airport. Additionally, it is within walking distance of Newark Penn Station, making it a must-see property. PLEASE DO NOT DISTURB THE TENANTS.
Exterior Features

Approximate Lot Size 32.3X108 Available Parking Spaces 3 Construction Brick/Block Exterior Description Brick/BlockVinyl Siding Location Business DistrictResidential Area Number Of Bays 0 Number Of Docks 0 Parking Driveway Description 2 Car WidthDriveway-Exclusive Roof Description Asphalt Shingle

Interior Features

Basement Yes Basement Description FinishedFrench DrainFullWalkout Cooling Central Air Equipment Available AppliancesExhaust SystemFire AlarmFixturesKitchen AreaRestrooms - PrivateSign - BuildingSmoke Detector Floors LaminateWood Heating 3 UnitsForced Hot AirMulti-Zone Max Ceiling Height 10 Max Door Height 0 Number Of Lavatories 1 Office Sq Ft 1450

Property Features

Building Number 3 Expenses Include InsuranceMaintenance - ExteriorMaintenance - InteriorTaxesWater/Sewer For Sale Or Lease For Sale Fuel Type Gas-Natural Gross Operating Income 87000 Net Operating Income 56238 Primary Property Type Store With Apartment Prior Use Mixed Use Property Type Mixed UseRestaurantStore With Apartment Sale Includes Building & BusinessBuilding & LandEquipmentOperating LicensesSee Remarks Sewer Public Sewer Suite Number 1 Tax Amount 20562 Tax Rate Amount 3.736 Tax Rate Year 2022 Tax Year 2022 Total Operating Expense 30762 Utilities All Underground Water Public Water Year Built Description ApproximateRenovated Zoning Mixed-Use

Listing information © 2024 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of : 201-939-0050.


Garden State MLS logo © 2024 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Daunno Realty Services, LLC. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Daunno Realty Services, LLC are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-04-24T15:46:56.867.
 
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Daunno Realty Services, LLC
206 Westfield Avenue
Clark NJ, 07066