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    2 Ave B

    Newark City, NJ 07114
    • $1,400,000
    • STATUS: Active
    • ON SITE: 388 days
    • MLS #: 3614524
    UPDATED: 32 min ago
    $1,400,000
    • 0
      BEDS
    • 0.03
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,000
      SQFT
    • $175
      $/SQFT
    Neighborhood:
    Ironbound
    Type:
    Commercial
    Built:
    1960
    County:
    Essex
    Area:
    Newark City

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    Description

    You need to research this one! A great corner location that is improving everyday! Currently w 5 tenants but definitely not being used at it's highest and best use. Perfect for building development. Looking for a development site? Meed a good location and the possibility of building 30 to 40 apartments or more? This is it! Contact your favorite Realtor today! We will meet you at the front door.You're looking for a solid investment with a good return, and space for improvement and growth? Run the numbers! Here, they make sense!

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    © 2021 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 Christie's International Real Estate Northern New Jersey. 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 Christie's International Real Estate Northern New Jersey 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 2021-02-28T18:46:21.603.
    www.srrealestategroup.com/homes/102957163
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    2 Ave B Newark City, NJ 07114

    • Price: $1,400,000
    • Status: Active
    • Updated: 32 min ago
    • MLS #: 3614524
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.03
    Acres
    8,000
    SQFT
    $175
    $/SQFT
    1960
    Built
    Neighborhood:
    Ironbound
    County:
    Essex
    Area:
    Newark City
    Property Description
    You need to research this one! A great corner location that is improving everyday! Currently w 5 tenants but definitely not being used at it's highest and best use. Perfect for building development. Looking for a development site? Meed a good location and the possibility of building 30 to 40 apartments or more? This is it! Contact your favorite Realtor today! We will meet you at the front door.You're looking for a solid investment with a good return, and space for improvement and growth? Run the numbers! Here, they make sense!
    Exterior Features

    Approximate Lot Size 50X225 + 75X50 Ax Construction Brick/Block Exterior Description Brick/Block Location Business DistrictFreestandingResidential Area Lot Description CornerLevel LotPossible Subdivision Number Of Bays 1 Number Of Docks 1 Parking Driveway Description BlacktopFencingParking Lot-Exclusive Roof Description Asphalt ShingleFlat

    Interior Features

    Basement No Cooling 4 Units Equipment Available FixturesSmoke Detector Floors CarpetingTileWood Heating 4 Units Max Ceiling Height 14 Max Door Height 11 Number Of Lavatories 6 Office Sq Ft 1000

    Property Features

    DEPStatus ISRA ComplianceNfa Expenses Include InsuranceTaxesWater/Sewer For Sale Or Lease For Sale Fuel Type Gas-Natural Gross Operating Income 126900 Net Operating Income 86900 Owner Pays SewerWater Permitted Use Various Primary Property Type Restarnt Prior Use ResidentialWarehouseRestaurant Property Type Mixed UseRestaurant Sale Includes Building & Land Sewer Public Sewer Suite Number 0 Tax Amount 25010 Tax Rate Amount 3.761 Tax Rate Year 2019 Tax Year 2019 Tenant Pays ElectricGasHeatHot WaterMaintenance-Common AreaRepairsSnow RemovalTrash Removal Total Operating Expense 40000 Utilities ElectricGas-Natural Utilities Paid By Tenant Water Public Water Year Built Description Approximate Zoning I-2

    Listing information © 2021 Garden State Multiple Listing Service,LLC.
    Listing provided courtesy of Exit Golden Realty Group Llc.


    © 2021 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 Christie's International Real Estate Northern New Jersey. 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 Christie's International Real Estate Northern New Jersey 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 2021-02-28T18:46:21.603.
     
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    Christie's International Real Estate Northern New Jersey
    47 Maple Street
    Summit NJ, 07901