Unlock the potential of this mixed-use building located in the West Ward of Newark. The property features approximately 2,000 sq ft of commercial space on the first floor with two restrooms, plus a second-floor residential unit offering 3 bedrooms, kitchen, living room, and one full bathroom. The building has previously… Read More operated as both a childcare center and a House of Worship, demonstrating its flexibility for a variety of commercial, community, or institutional uses. For investors and developers, the property offers significant value-add potential. Buyers may choose to maintain the mixed-use configuration or explore the possibility of converting the building into two residential units (buyer to verify with the City of Newark). The open commercial layout provides a blank canvas for redevelopment. Conveniently located near West Side Park, University Hospital, Rutgers New Jersey Medical School, and the South Orange Avenue commercial corridor, with nearby schools receiving A and B ratings on Niche.com. Close to transportation, parks, shopping, and major neighborhood institutions. Property is being sold strictly as-is and requires renovation, offering an excellent opportunity to reposition a well-located building in one of Newark's active investment areas. Read Less
Courtesy of IDENTITY PROPERTIES.
Listing Snapshot
Days Online
22
Last Updated
Property Type
Other
Beds
3
Square Ft.
4,000
Lot Size
0.06 Acres
MLS Number
4016012
30 Days Snapshot Of 07103
$397k
-2%
(avg) sold price
7
+250%
homes sold
79
+12%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Unfinished, Yes
Building
Built in 9999
Cooling
None, SeeRem
Expenses
Expenses: See Remarks
Exterior Features
Brick, See Remarks, Vinyl Siding, See Remarks
Garage
None
Water Features
See Remarks, Public Water
Heating
Gas-Natural, See Remarks, 2 Units, Forced Hot Air, See Remarks
Interior Features
See Remarks
Lot
Approximate Lot Size: 25X100, 0.06 acres
Parking
None
Property
4,000 sqft building, 2 units, FHA Age Restricted: No
Roof
Flat, See Remarks
Sewer
Public Sewer, See Remarks
Taxes
Annual Tax Amount: $13,976, Tax Rate: 3.999
Unit One
2 bedrooms, 2,000 sqft, Handicap Accessibility: No, See Remarks
Unit Two
1 bathroom, 3 bathrooms, 2,000 sqft, Handicap Accessibility: No, See Remarks
Utilities
Electric, Gas-Natural, See Remarks
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