1. New Jersey
  2. Newark City
  3. 895 Broad St
$1,990,000

895 Broad St, Newark City, NJ 07102

  • Property Icon Land
  • Property Year Built Icon Built in ——
  • Property Lot Size Icon4,792sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 5 months ago

Property Description

LOCATION, LOCATION, LOCATION!Located directly across from Newark Town Hall, this rare investment opportunity is ideal for builders and investors looking to capitalize on one of the most desirable commercial streets in the city. The property is currently home to a Crown Fried Chicken (owned by the seller) and a nail salon, which generates $4,000 per month in rental income. However, the property can be delivered fully vacant, providing maximum flexibility for the buyer to reimagine its use. Per the seller's claims (buyer to conduct their own due diligence), the zoning allows for the construction of up to four floors plus a ground floor, which could accommodate 12 residential units and two commercial spaces. The true value lies in the property's prime location and development potential, making it a perfect addition to any investor's or developer's portfolio. Don't miss this opportunity to secure a high-visibility property in Newark's thriving urban landscape schedule your showing today!

Listing Status:
Active
Listing Office:
REAL : 855-450-0442
MLS ID:
3943058
  • County: Essex

This listing courtesy of REAL

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

O

Oliver Street Elementary School

86 Oliver St, Newark, NJ, 07105

Grades PK-8

0.53 miles away

O

Oliver Street Elementary School

86 Oliver St, Newark, NJ, 07105

Grades PK-8

0.53 miles away

A

Arts High School

550 M L King Blvd, Newark, NJ, 07102

Grades 9-12

0.34 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.