SQUARE FEET2,980
MLS#4035610
STATUS
PROPERTY TYPECommercial - Office
Property Description
Take advantage of an opportunity to diversity your portfolio owning an income producing commercial property in a highly visible location, prime redevelopment section of Newark, diagonally across from Home Depot.Includes Two storefronts (specifically a renovated barbershop paying $2,321.72 per month (annual 5% rate increase); a convenient store paying $2,600 per month)(annual increase of $1200); one upstairs office space (paying $1,906.17 per month)(annual 3% increase); and a maintenance free billboard ($1500 per month) (assumes responsibility for roof repairs). Cap rate will continually increase each year. *Sold As Is. City and State documents/ inspections are buyer's responsibility
Property Features
Property Type: Commercial - Office
Basement: Yes
Basement: Bilco-Style Door
Lot Size: 0.07 Acres
Stories: 2.0
Taxes: $13,584
Year Built: 1940
Feature Descriptions
Days on Site: 1
Equipment Available: Restrooms - Private, Sign - Freestanding
Location: Corner
Lot Dimensions: 0.07 acre(s)
Max Door height: 99999
Parking: Off-Street Parking
Sewer: Public Sewer
Units: 3
Water: Public Water
Listed By / Shown By
Listed By
Agency Name: EXODUS REAL ESTATE
Agency Contact: 732-737-9013
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
454 Springfield Ave | MLS# 4035610
This commercial property located at 454 Springfield Ave, Newark, NJ 07103 is currently listed for sale with an asking price of $859,000. Search Newark real estate on www.realtymark.net today.