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48 Elm Rd

Newark City, NJ 07105
  • $600,000
  • STATUS: Active
  • ON SITE: 74 Days
  • ID#: 3925793
UPDATED: 76 min ago
$600,000
  • 0
    BEDS
  • 0.07
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
County:
Area:

School Ratings & Info

Description

This freestanding single-story commercial building with a basement offers a rare opportunity for business owners to purchase a property and start operating immediately in the highly desirable Ironbound section of Newark, NJ. Ideal for office use, the property allows you to run your business now while benefiting from future development potential.Included in the sale are city-approved plans to transform the property into a modern boutique three-family residential building, giving you the flexibility to maintain office operations or transition to a three-family rental building as the area continues to appreciate. Additionally, with city approval, you can convert the property into a mixed-use building, operating your business in one unit while renting out the remaining two units. The possibilities are endless, offering a perfect blend of immediate business use and long-term investment potential.This versatile property allows you to start generating cash flow now while setting the stage for future growth and development. With easy access to Newark Penn Station and Downtown Newark, this location is prime for expansion and opportunity.

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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 2024-12-08T21:46:17.847.
www.daunnorealty.com/homes/155759179
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48 Elm Rd Newark City, NJ 07105

  • Price: $600,000
  • Status: Active
  • On Site: 74 Days
  • Updated: 76 min ago
  • ID#: 3925793
0
Beds
0
Baths
0
½ Baths
0.07
Acres
County:
Essex
Area:
Newark City
Property Description
This freestanding single-story commercial building with a basement offers a rare opportunity for business owners to purchase a property and start operating immediately in the highly desirable Ironbound section of Newark, NJ. Ideal for office use, the property allows you to run your business now while benefiting from future development potential.Included in the sale are city-approved plans to transform the property into a modern boutique three-family residential building, giving you the flexibility to maintain office operations or transition to a three-family rental building as the area continues to appreciate. Additionally, with city approval, you can convert the property into a mixed-use building, operating your business in one unit while renting out the remaining two units. The possibilities are endless, offering a perfect blend of immediate business use and long-term investment potential.This versatile property allows you to start generating cash flow now while setting the stage for future growth and development. With easy access to Newark Penn Station and Downtown Newark, this location is prime for expansion and opportunity.
Exterior Features

Approximate Lot Size 25.5X123 Available Parking Spaces 2 Construction See Remarks Exterior Description Brick/Block Location Business DistrictFreestandingResidential Area Number Of Bays 0 Number Of Docks 0 Parking Driveway Description Off-Street Parking Roof Description See Remarks

Interior Features

Basement Yes Basement Description FullUnfinished Cooling See Remarks Equipment Available See Remarks Heating See Remarks Max Ceiling Height 0 Max Door Height 0 Number Of Lavatories 1 Office Sq Ft 0

Property Features

For Sale Or Lease For Sale Primary Property Type OffcRetl Property Type Free Standing OfficeOffice/Retail Sale Includes Building & LandSee Remarks Suite Number 1 Tax Amount 9707 Tax Rate Amount 3.728 Tax Rate Year 2023 Tax Year 2023 Utilities See Remarks Water Public Water Zoning COM

Listing information © 2024 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of : 347-292-8750.


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 2024-12-08T21:46:17.847.
 
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Daunno Realty Services, LLC
206 Westfield Avenue
Clark NJ, 07066