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$ 399,000
Est. payment | /mo
1,600 SqFt
$ 399,000
Est. payment | /mo
1,600 SqFt
Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 1,600 sqft
Price per Sqft $249
MLS Listing ID 3940487
Style 1-One Story
Annual Tax Amount $5,723
Tax Year 2024
Lot Size 1,742 Sqft
Property Description
This one-story property, located in the vibrant Springfield/Belmont neighborhood, offers an outstanding investment opportunity. The building features two units: Unit 1 is currently operating as a restaurant, providing a turnkey solution for food service businesses or a flexible space for other ventures, while Unit 2 is vacant and ready to accommodate a variety of business types, such as retail, office, or service-based operations.Strategically positioned at a high-traffic intersection, this property has excellent visibility and significant foot traffic. The surrounding area is home to numerous thriving businesses, including shops, restaurants, fitness centers, and corporate offices, creating a dynamic commercial environment. Additionally, the property is located near key local landmarks such as Newark Vocational High School, University Hospital, and Nat Turner Park, which draw consistent activity to the area.Convenient transportation options make this location even more attractive. The property is close to several NJ Transit bus stops, providing easy access to downtown Newark and surrounding neighborhoods. The Newark Light Rail and Broad Street Station are also a short distance away, offering seamless connectivity to major transit hubs, including Newark Penn Station. For travelers and commuters, Newark Airport is approximately 7.5 miles away, making it a strategic location for businesses serving a regional or global clientele.
Location
State NJ
County Essex
Rooms
Basement Unfinished
Interior
Heating Gas-Natural
Cooling None
Heat Source Gas-Natural
Exterior
Exterior Feature Brick
Utilities Available Gas In Street
Roof Type Asphalt Shingle
Building
Sewer Public Sewer
Water Public Water
Architectural Style 1-One Story
Others
Senior Community No
Information deemed reliable but not guaranteed. Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by KELLER WILLIAMS REALTY
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Peter Sisca
Agent | License ID: 10401364161, 2298786